of 26.5%, up 150bps qoq. Revenue growth was driven by strong growth in Digital up ~16% qoq; ~28% of sales. The improvement in margins was led by the INR's depreciation (120bps) and improvement in operational efficiencies (30bps). TCS assured double-digit growth (CC terms) in FY19 on the back of large deal wins (US$9.8bn so far in H1FY19) and a strong pipeline. However, there was no improvement in its commentary for the overall sector per se, which we believe, questions street's sector wide optimism of uptick in IT spending. TCS attributed its strong momentum to its differentiated capabilities (Machine first), and...