HCLT's 4QFY18 revenue grew 8.2% YoY CC (est. of +9.1%), EBITDA rose 14.6% YoY (in-line), and PAT increased 10% YoY to INR22.3b (est. of INR23.5b). The company delivered QoQ CC revenue growth of 1.2% versus our estimate of +2%. EBIT margin for the quarter was flat QoQ at 19.6%, in line with our estimate of 19.8%. Full-year FY18 revenue grew 10.5% YoY CC, EBITDA rose 11% YoY and PAT grew 3.8% YoY.