Background: HCL Tech is the 4th largest IT services exporter offering offshore IT Services with revenues of INR 370.61bn (FY15). In 1QFY16, Revenue split: US: 58.7%, Europe: 31.7% & ROW: 9.6%. Service Mix: App Services: 40.4%, Infrastructure Services: 35.1%, Engineering and R&D;: 19.2%, BPO: 5.3%. Fixed Price Contracts account for 56.2%. Major verticals are Manufacturing: 32.5%, Financial Services: 26.1%, Healthcare: 12.4%, Retail: 8.8%, Telecom: 9.6%, Public Services: 10% & others: 0.6%. Company has 7 clients in USD 100mn+ and 18 clients in USD 50mn+. 95.7% of business is repeat business, reflects effective mining of existing clients....