TECHM's Q4FY20 result was a miss to our forecast operationally. Revenue decline of 3.3% QoQ in CC (-4.3% in US$) was a miss to our forecast. Further, EBIT margin decline was much steeper at 220bps QoQ to 10% vs. our forecast of -55bps. Adj. EPS was inline aided by higher other income and lower ETR. In Q4FY20, TECHM has secured large deals with TCV of US$513 mn (US$174 mn in...