ICICI Securities Ltd | Retail Equity Research KPIT reported better than expected margin performance in Q2FY19 while dollar revenues were in-line with our estimates. Revenues in constant currency grew 2.9% sequentially on the back of healthy growth in engineering services. Among geography, dollar revenue growth was led by Europe (15.5% QoQ). EBITDA margins surprised on the positive side and expanded 150 bps QoQ to 13.6% (above our estimate of 11.1%). Better than...