INFO reported a weak growth of 1.2% QoQ CC, below our estimate of 2.8%, on account of seasonality, the impact from the COVID-19 pandemic, and client provisions. Large deal TCV of USD2.3b was a tad soft (net new at 48%). However, the management indicated good traction in its large deal pipeline and reiterated that the demand remains strong. EBIT margin dipped 190bp QoQ to 21.6%, below our estimate of 23%, due to lesser days, lower utilization, and higher visa costs. The management guided at a margin of 21-23% for FY23 (100bp cut from its earlier guidance in FY22)....