TECHM reported revenue growth of 2.9% QoQ (DE: 2.1%) led by strong growth in Hi-Tech/BFSI/Retail Vertical (14%/9.5%/7.5% QoQ). EBIT margins improved by 410bps to 14.2% (DE: 10.7%) led by easing of supply side factors (160bps), higher off-shoring, improved utilization and lower sub-con (160bps) gain and savings on visa cost (70bps). TCV signings were strong at US$421mn up 45% QoQ, but still down 13% on TTM basis. The management expects recovery in Enterprise vertical starting Q3 and improved traction from Network side in...