Hexaware 3QCY19 reported 12.3% QoQ CC & company did not provide organic growth composition. We estimate organic growth to be at 4% QoQ CC which below our estimates of 6.5% QoQ CC. Mobiquity acquisition contributed 7.8% or US$14.5 mn to incremental revenues. EBIT margin came 13.9% (-76bps QoQ, -156bps YoY) Q3 margin was impacted by partial impact of wage increases (full impact in Q4) offset by lack of visa costs and INR depreciation. Management highlighted that supply side constraints in US has worsened now & now it can lead to higher wage hikes as compared to last...