HEXW had shared two existing-new (EN) deals that it had won, each with a TCV of close to USD100m one ramping up in 2HCY18 and the other in CY19. HEXWs growth in the four years under Mr Srikrishna has been entirely organic. Over the next few years, it may end up spending ~USD250-300m in tuck-in acquisitions, which could feed 3-4pp annual revenue growth from the inorganic route, over and above the aspiration of maintaining double-digit organic growth. HEXW will reinvest the same over the medium term. 70-80% of the benefits will get reinvested into the business toward building capabilities for better growth, while the remaining will be passed on clients as the market resets to newer levels of currency. Mr Srikrishna cited that the local labor market in the US has tightened considerably, with unemployment in the technology sector virtually non-existent.