LTM delivered a steady quarter, with revenue of USD 1.24bn (+1.1% QoQ, +5.1% YoY CC) and EBIT margin of 15.6%, up 10bps QoQ, despite absorbing wage hikes. Growth was dragged due to the Saudi business. AI revenue reached 13.4% of total (+40% YoY), and gross margins on AI work are above traditional services. Three of four verticals grew 7%+ YoY, BFSI returned to YoY growth (+0.4%, +3.1% QoQ), and the first USD 100mn financial services account was added. Order inflow of USD 1.3bn looks soft, but...