Is it paying off? I’m assuming yes, it’s clear that, yes, we continue to grow — we continue to see nice deals. We have a nice portfolio of clients in Europe, and we will continue to gain market share in Europe.
Nitin Padmanabhan: Sure. The second one was more of a clarification. So I think the deal wins have been sort of pretty — in the last 3 quarters have been pretty decent compared to the earlier quarters. And you mentioned that the conversion was low because of the environment. And then if I just look at how we typically grow in Q1, apart from one of the years where we had large deals and we grew pretty well. Do you believe — is the understanding correct in terms of the commentary that you think the level of build in terms of the deals on is sort of sufficient enough that despite those headwinds, we’ll actually see an improvement next year. from a trajectory perspective, on a sequential growth rate if you look at it that way?
Or alternatively, maybe the flip side of the question is, do you think the cautiousness by clients and the — discretionary expense and all of those you think that cautiousness should sort of dissipate as we get into the new year in the next fiscal?
Jatin Dalal: Yes. so Nitin, this is Jatin. Hearing, and I am smiling because this is one way to talk about Q1 numbers that we don’t want to talk about. So we will give it a pass. We understand your question precisely. It’s a great question, but we are not at a point in time we would answer that. But directionally, the fact that we are winning large deals, TCV, the revenue, the backlog is improving, and it will convert into revenue. It’s difficult to ten-point a specific quarter that will get the boost out of it.
Operator: We’ll take a next question from the line of Ravi Menon from Macquarie.
Ravi Menon: Firstly, on the overall , it looks like that’s really strong. So how do you think about the market demand, especially to say now of 50 million disclosures large deals. So could we continue to see that momentum even over the next quarter? Or do you think that is making it’s largely going to be on hold?
Thierry Delaporte: Ravi, your voice came a little muffled, so I hope I understood the question. But I believe you are asking some our views on the market itself, okay? Am I correct?
Ravi Menon: Yes, Thierry, that’s right. I was just asking about the deal pipeline. I think the position maybe could slow and the 4 deal wins could get a little softer next quarter.
Thierry Delaporte: When it comes to projecting bookings, you can certainly base your level of confidence on the quality of the pipeline and on your trend of win rate over a certain period of time. If I base my judgment on that, I see that we have another solid quarter of bookings coming ahead of us. Will it be as good as the one this quarter? That I don’t know. I cannot tell sometimes it depends on 1 deal and i t makes a big difference. So I think very confident that it will be another solid quarter in terms of bookings. Let’s see how it goes, okay? But a little bit of reflection on the market. game the softness of the economy, the uncertainty of the macroeconomic environment is a reality. I said it in this room, 3 months ago, Ravi, at the time, we are not necessarily as is we’re saying it.
