margins to remain under pressure and quarterly annualized attrition flattening. TCS reported largely in-line revenues and margin in Q4. The strength in demand is reinforced by 1) record high broad-based TCV ($11.3 Bn, 49% QoQ, +23% YoY) comprising of two large deals (7-10-year duration), 2) management commentary that deal TCV will continue trending upwards at ~$8+ bn (vs $6-7 Bn pre-covid) and 3) record headcount addition of ~35K, 6%QoQ, +21% YoY. Margins are expected to remain under pressure in the near term due to high manpower costs and return of travel and facility costs....