Recently completed acquisitions contributed 70 basis points to overall revenue growth, primarily benefiting the Communications, Media and Technology, and Products and Resources segments.

Revenues were negatively impacted by weakness in the Financial Services and Health Sciences segments, partially offset by growth in Communications, Media and Technology and Products and Resources.

The company continues to focus on digital transformation and is making significant investments in AI capabilities to meet client needs and harness its value.

The NextGen program, initiated in Q2 2023, is aimed at simplifying the operating model, optimizing corporate functions, and consolidating office space. The company expects savings from this program to fund investments.

Voluntary attrition in tech services decreased to 13.1% for the trailing twelve months ended March 31, 2024, compared to 23.1% for the same period in 2023.

The company ended Q1 2024 with approximately 344,400 employees, compared to 351,500 at the end of Q1 2023.

Clients are contending with industry-specific changes driven by digital technologies, regulatory uncertainty, and macroeconomic and geopolitical factors, which may affect demand for services.

Potential tax law and regulatory changes, including possible U.S. corporate income tax reform and the Code on Social Security, 2020 in India, may impact future results.

The company is involved in ongoing disputes with the Indian Income Tax Department (ITD) regarding share repurchase transactions in 2013 and 2016. The company made a $360 million payment in January 2024 related to this dispute.

The company competes on the basis of the knowledge, experience, insights, skills, and talent of its employees and the value they can provide to clients.

The company is making significant investments in AI capabilities, but also notes that AI technologies and services are part of a highly competitive and rapidly evolving market.

The company expects that some services that it currently performs for its clients will be replaced by AI or forms of automation, which may lead to reduced demand for certain services.

The company expects the savings generated by the NextGen program to help fund continued investments in people, revenue growth opportunities, and the modernization of office space.

Selling, general, and administrative expenses decreased as a percentage of revenues, primarily driven by savings generated from the NextGen program.

Cost of revenues increased as a percentage of revenue due to higher compensation costs for delivery personnel and the impact of the resale of third-party products.

The company plans to make significant investments in AI capabilities to meet the needs of its clients and harness its value in a flexible, secure, scalable, and responsible way.

The company acknowledges that AI and automation may lead to reduced demand for certain services that it currently performs for clients.

The company continues to expect its clients to focus on their digital transformation into software-driven, data-enabled, customer-centric, and differentiated businesses.

The company repurchased $110 million of Class A common stock under its stock repurchase program during the three months ended March 31, 2024.

On April 30, 2024, the Board of Directors approved the declaration of a $0.30 per share dividend with a record date of May 20, 2024 and a payment date of May 29, 2024.

The company reviews its capital allocation on an ongoing basis, considering financial performance, liquidity, investments, acquisitions, and other factors.

There is no specific mention of ESG initiatives in the provided document.

Clients are facing uncertainty in the regulatory environment, which may affect their demand for services.

Clients are contending with industry consolidation and convergence, which may affect their demand for services.

Clients are contending with international trade policies and other macroeconomic and geopolitical factors, which may affect their demand for services.