eClerx has posted revenue of US$50.8mn on 2.5% qoq decline in cc terms. FY16 revenue stood at US$199.2mn, registering 34% growth in cc terms with 18.8% organic cc growth. Growth decline in 4Q was due to 3.9% sequential decline in top-10 accounts, impacted by project completion largely in financial services vertical. Among geos, RoW had the highest contribution towards growth decline and non top-10 (emerging accounts) grew 4.7% qoq. Its Management expects flat 1HFY17E with subsequent pick-up in growth based on project schedules. Pipeline of Cable Division as well as Digital Business remains healthy. While Financial Services is expected to be volatile, Cable Division is expected to drive growth...