TCS' 4Q revenue came in-line with estimates with positives such as core geo growth (87% of incremental revenue from NorthAm) and core vertical (60% of incremental revenue from BFSI). We believe that digital services will continue to disproportionately drive growth for TCS, which contributed >70% to TCS' incremental growth in FY16. We believe that operating margin will continue near the lower-band with continued investments in digital. Based on 1) strength in BFSI vertical, 2) strong demand in digital services, 3) robust client metrics and 4) milder...