Unidentified Analyst: Got it. If I can just maybe drill down just a little bit more. Any specific color that you can provide on European retail and European manufacturing segments?
Salil Parekh: So, there €“ we don’t necessarily provide that much sort of granularity, but sort of same comments on a global level on manufacturing that we mentioned earlier and for energy, which is looking stronger and sort of let’s say, attention to the economy on retail in this case.
Unidentified Analyst: Got it. And the softness in retail, do you believe it is as of now confined to the retail stores and what maybe circulate and you could, in your discussion with clients, do you see percolating down to the CPG companies and probably other ones as well. But as of now, if you look at the more of the retail stores that we are talking about?
Salil Parekh: So, within retail, we have not called out any specific sub-segment at least in our commentary. We are not gone down to that rightly in our public statements.
Unidentified Analyst: Alright. Got it. Thanks for taking my questions and wish you all the best.
Salil Parekh: Thank you.
Operator: Thank you. Our next question is from the line of Sameer Dosani from ICICI Prudential Asset Management. Please go ahead.
Sameer Dosani: Thanks. Just one question around outlook, if you look at your commentary around readings in North America and Europe, you don’t look more cautious overall, but if I look at performance for the last few quarters, I think Europe has been performing better than North America. So, do you think this impact of the cautiousness and your tools it looks like and you see more growth trajectory will be a little more affected going forward, your thoughts around that? Thanks.
Salil Parekh: I think in Europe, there is two different things. We have had a very strong Europe program, both in transformation and cost over the last 18 months, 24 months. So, some of that comes through in the benefits we see even in this quarter. The commentary or the view is more to share what we are seeing just in the economic activity. And again, we see the coloring more by industry, which is a little bit global as opposed to just specifically across the board in the geography.
Sameer Dosani: So, the outlook, I mean do you think the outlook that you are giving will reflect in the numbers in the last two quarters I mean because has been an unforeseen portfolio. Thanks.
Salil Parekh: So, there we have given a view on our outlook only up until March this year, so we will come up with guidance for the next financial year at the end of this quarter.
Sameer Dosani: Okay. And that’s it. Thanks.
Operator: Thank you. Our next question is from the line of Girish Pai from Nirmal Bang Equities. Please go ahead. Mr. Girish Pai, could you please un-mute and go ahead with your question. As there is no response from this connection, we will move to our next question, that’s from the line of Rahul Jain from Dolat Capital. Please go ahead.
Rahul Jain: Yes. Hi. Thanks for the opportunity. Firstly, we commented that manufacturing is doing well for us, but actually the vertical is doing exceedingly well in the European region, that is up 60% YoY, but is much weaker in the U.S. where it’s up 7% YoY. So, what is that we are doing so well in Europe, is it a lot about few very crucial deal, or it’s more holistic and why it’s different in the U.S.?
Salil Parekh: So, thanks for the question. Within the industry, we don’t typically comment on a client, multi-client level activity. But we do have good traction, as you pointed out, within our European business in manufacture.
