ROW (Rest of the world) consists of Japan, Korea, China which saw muted growth in this quarter because the region is transportation domain heavy and due to travel restrictions.
Salary hikes in Q2 were around 14 to 15 crores. Wage hikes have been done and no new wage hikes in the coming quarters.
Hiring target of 1,200- 1,500 per quarter over the next two quarters.
The medium-term target of the offshore- onshore mix is 65%- 70%.
Utilization: 80%, excluding freshers.
IPR led revenues are below 50% on a standalone basis.
The products and Platforms segment has maximum revenue from the media business.
The automotive segment was at a peak during the 2017-18 year. Long way to go to reach the levels of that time.
Continue to invest in new verticals like EduTech, Manufacturing, Industrial food, etc.
The company sees good potential for growth in the next 2 to 3 years in the transportation, healthcare verticals.
5 years forward, the company sees rail and off-road to contribute 20% of the transportation vertical.
Expect the Industrial design segment to have consistent revenues in the coming 3 to 4 quarters.
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