USD revenue grew 6.8% QoQ tad above our estimates; 8.2% QoQ in CC terms. EBIT margin declined 190bps QoQ at 11.6% in line with our estimate (11.5%) due to higher SG&A; expenses on account of wage hike and people addition. MTCL expects better revenue growth and margins for FY19 as compared to FY18 on back of better deal pipeline and healthy growth in digital services. The stock is trading at fair valuation of 17.7x/14.3x FY20/FY21 earnings; we maintain our ACCUMULATE rating and rollover to Sep'19 TP of ` 1,100 based on 18x one-year fwd. PER....