eClerx consolidated revenue grew at a CAGR of 28.8% during FY11-FY15 and we expect the revenue would grow by CAGR of 24.7% during FY15-FY17E supported by the inorganic growth (CLX acquisition). In H1FY16 (including CLX revenue), the company has posted the strong revenue growth of 39.5% comparing to H1FY15, on the back of significant increase in the short term projects.