Guidance has been retained both on revenue growth as well as profitability front. Management remains optimistic about outlook for CY18. Digital offerings are driving growth in structurally challenged BFSI/Retail verticals. for further gains in OPM is limited, owing to lack of headroom for improvement in levers such as utilization (now at 85%, net hiring soft YTD), delivery mix (demand to be more onsite centric) and SG&A; efficiency (expense flat in 9MFY18). We expect revenue/earnings growth CAGR of 6%/5% over FY18-20E and expect the stock to underperform given its soft growth metrics (9MFY18 TCV down 19%) and likely risk of...