Have you seen any impact of the Covid second wave on demand?
C Vijayakumar: So far, we have not seen any impact in the demand environment. The demand environment remains very robust because a lot of clients in most verticals are accelerating two kinds of initiatives. One is cost optimisation or variablising the cost structures. The second set of initiatives are around business transformation or digital transformation, investing in the new technologies to deliver differentiated business outcomes.
We see both ends of the investment thesis being played out. There are some strong verticals like life sciences, technology services, financial services where we see digital transformation as well as cost optimisation. There are other verticals like energy, utilities and telecom. Some of them are also trying to reduce significant cost, especially the telecom providers so that they can reinvest in 5G deployment efforts. I see a very positive demand environment.