despite weak seasonality. It won 10 cloud deals this quarter on back of expanded partnership with one of the hyperscalars. Demand continues to be strong with increasing number of deals coming with large tail of growth. MTCL reported strong beat in EBIT margin, 19.2%, +100bps QoQ, (Ple: 18%, Cons: 18.3%). Unlike peers, MTCL's sub-con costs as % of revenue trended hiring since last few quarters is also aiding margin through pyramid We believe attrition may peak out next quarter and stabilize thereafter. increase in margin estimates. We were already ahead by ~12% compared to...