Nilanjan Roy: I mean out of our large deals this quarter, 25 were actually medical. So, I think this will show that we have a very strong pipeline there.
Ankur Rudra: Understood. Maybe a last question over here was on pricing and contract profitability in the projects you are winning right now, especially the large number of big deals this time you signed. How is that trending? Is that improving, staying the same or maybe becoming a bit lower than before?
Nilanjan Roy: These are for the new deals signing?
Ankur Rudra: Yes. The new deal signings this quarter, how is that trending versus before?
Salil Parekh: I don’t think there is an unusual. Yes, absolutely new deals, and in fact many clients want the productivity efficiencies upfront. So, we always see that the €“ initially, part of these new deals will be lower than portfolio margins. But like we have shown in the past, at the same time, our existing deals and large deals are reaching higher profitability, and that offset some of this pressure which is coming from the newly signed deals and margins will typically be lower. So, that is unusual on the trend.
Ankur Rudra: Okay. Appreciate it. Thank you for the color and best of luck.
Operator: Thank you. Our next question is from the line of Vibhor Singhal from Nuvama Equities . Please go ahead.
Unidentified Analyst: Hello. Yes. Hi. Thanks for taking my question and congrats on a solid quarter. So, Salil my question €“ I have just two questions. One, I wanted to basically get an idea on, I mean you have seen attrition coming down in this quarter quite sharply. And as you mentioned in your opening remarks as well, so I mean how do you see the trend of this attrition going forward of course downward? And how do you believe the benefit of this could actually percolate to our margins? Again, I am not asking for objective guidance of a number. But in terms of the direction, do you think it is going to aid our margins, or do you think most of the impact of this is already built into the numbers that we have currently? And my second question was usually on the geography of Europe.
So, just wanted to pick a win on how the conversations with the clients are happening in that part of geography, specifically if you could maybe break up between Continental Europe, Eastern Europe and in the UK. And which pockets of those geographies do you think are looking more softer, or is there more of believe looking in that part of the geography?
Salil Parekh: So, I will take the first one on the lower attrition. Absolutely, we are seeing this coming down. And like we have said, even in the future in the next quarter, at least until, what was an issue, because we are seeing is coming down. Absolutely, this should have a positive impact on margins. I mean during the year, whether it was stretching on laterals, whether it was the compensation hikes we did, that really impacted our year-on-year margins. So, I was looking ahead and attrition as an impact both of the macroeconomic and also the internal policies we are doing in terms of promoting within, etcetera, should benefit us looking ahead.
Nilanjan Roy: On Europe, I think the way we see some color for 25% of our business in Europe, and we have a few countries in the country, we operate in we see some slowing €“ some economic impact in Germany. There is some in the UK, less so in the moderate countries at this stage. But overall, the coloring is a little bit more by the industries that we mentioned earlier in the call, which are across sort of on a global perspective. But relatively, Europe seems a little bit more impacted today than U.S.
