In future, we expect intensified competition.

We experience intense competition in traditional services and see a rapidly-changing marketplace with new competitors in niche technology areas who are focused on agility, flexibility and innovation. MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21) Though in the last few years, the Indian IT sector has learnt to live with the restrictions.Д¬losing Cash & Cash Equivalent Growth (%) Will the new US administration continue it harsh policy on H1- B visa or relax it, as expected, is a factor which will impact the companyвЂ™s near-term fortune. How much of that increase in cost is taken care by favorable currency movement needs to be watched. With opening up of office's across US and Europe, some elements of operational and administrative costs may come back in coming quarters. If it stays at elevated levels that it might turn into headache. The attrition rate in the second quarter spiked, as employee movement across the IT sector increased with every passing day, With strong demand across industry attrition rate needs to be watched carefully.

In segmental revenue, contribution from manufacturing witnessed a QoQ growth. It is positive because margins are better as compared to traditional IT service. Digital segment continued on the growth path as numbers were better on both QoQ and YoY basis.

Serial number internet manager 6.28