19 January 2019 revenue growth of 2.4% QoQ (+7% YoY) was in line with our estimate of +2.2%. Overall EBIT margin expanded 170bp QoQ/YoY to 18.4%, the highest in 13 quarters. This was aided by a 140bp QoQ improvement in the adjusted IT Services margin to 19.8%. PAT grew 11.3% QoQ (+12.9% YoY) to INR25.4b (3% beat). Sequential growth was led by BFSI (5.3% QoQ CC), which had impact from full-quarter revenue of the Alight deal (~1pp+ contribution to overall growth). All verticals grew barring Technology, which reeled under the impact of seasonality. On a YoY basis, E&U; added to BFSI and Consumer as drivers of growth (10-17.