While you said FY25 would be better than FY24, you also remarked that it is still too early to say whether the growth momentum is sustainable. Why this divergence?
This is not a mismatch. We are sure FY25 is going to be better because of the exit rates that we have seen as we ended FY24 and what we saw in Q1. This gives us confidence that FY25 will be a better year. But to call out that all problems are behind us is a bit early. The underlying business sentiment has not changed significantly.
Total contract value (TCV) numbers are soft too...
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