The company posted quite disappointing numbers for Q2FY15 with net profit showing a 1% fall (QoQ) though up 8% (YoY) at Rs.2098 crore. The market was more disappointed with the fall in the EBITDA margin, which sequentially fell from 22.84% to 22%. Its IT services revenue for the quarter in dollar terms came in at US$1771 million, up 2% QoQ, concurring with the lower-end of guidance given at US$1770 million. But the street was disappointed as this was much lower than the growth showed by TCS and Infosys but almost same as HCL Tech. IN current Q3, it expects IT services revenue to come at $1808-1842 million. The company at end of Q2, had a headcount of 154,297 and it added 50 new customers during the quarter.

In terms of geographies, North America grew from 49.8% to 51% (QoQ), Europe fell from 29.6% to 27.8%, India and Middle East was flat at 9.2% while APAC and other emerging markets rose marginally from 11.5% to 12%. The net utilization, excluding trainees improved from 77.9% to 79.4%.

And in terms of verticals, Global Media & Telecom fell  -1.3% (QoQ), Finance Solutions was down -0.9%, Manufacturing & Hitech was up 1.9%, Healthcare, Life Sciences & Services showed the best performance, growing 5.7%, Retail, Consumer Goods & Transportation rose while Energy, Natural Resources & Utilities rose 6.9%.