Hexaware reported growth of 4.7%/3.8% qoq in CC/USD terms as against our estimates of 4.0%/3.3% qoq growth. EBIT margin at 14.0% was largely flat but lower than our expectation (14.8%) despite the significant INR depreciation and absence of wage hikes in Q2CY18. margins were due to the absence of one-time revenue received on completion of a project (not highlighted in Q1CY18), which impacted margins negatively by ~95bps in Q2CY18. Hexaware upgraded its revenue and EPS growth guidance to 12-13% and 13-14%, respectively from 10-12% guidance for both revenue and EPS growth provided at the start...