management's guidance of loss in IP revenue) for Q4FY2018. Revenue of PSL dropped by 4.6% q-o-q to $117 million in Q4FY2018 due to a $6.8 million (20.6% q-o-q) decline in IP revenue, higher than normal Q4 seasonality. The dip in IP revenue attributed to the 22% q-o-q drop in Alliance business (management noted this as a one-off event). IT services revenue increased by...