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Segment reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of revenue and adjusted income from operations by reporting segments

Revenues and adjusted income from operations for each of the Company’s segments for the three months ended March 31, 2022 were as follows:

			Net revenues
			Data-Tech-AI						Digital operations						Total						AOI
Financial Services			119,709						154,693						274,402						26,450
Consumer and Healthcare			180,634						220,986						401,620						55,305
High Tech and Manufacturing			166,403						226,018						392,421						70,095
Net revenues			466,746						601,697						1,068,443
Others#																					8,169
Total AOI																					160,019
Stock-based compensation																					(15,250)
Amortization and impairment of acquired intangible assets (other than included above)																					(11,302)
Foreign exchange gains (losses), net																					4,303
Interest income (expense), net																					(12,088)
Income tax expense																					(29,503)
Net income																					96,179

# With effect from January 1, 2023, the Company has modified the items that are allocated to the Company's reportable segments for the purpose of evaluating segment performance, and the Company now allocates by segment certain foreign exchange gains/(losses) (to the extent included in income from operations) and unallocated resource costs. Segment results after such allocation are reviewed by the CODM to evaluate segment performance. Prior to January 1, 2023, the CODM evaluated the performance of reportable segment revenue and adjusted income from operations after excluding these items, which were previously included under "Others." Accordingly, the Company has recast the segment revenue and adjusted income from operations of its reportable segments for the three months ended March 31, 2022 to present comparable segment information.

19. Segment reporting (Continued)

Adjusted income from operations for “Others” primarily represents the impact of certain under or over-absorption of overhead, and allowance for credit losses, which are not allocated to the Company’s segments for management’s internal reporting purposes.

Revenues and adjusted income from operations for each of the Company’s segments for the three months ended March 31, 2023 were as follows:

			Net revenues
			Data-Tech-AI						Digital operations						Total						AOI
Financial Services			127,243						171,244						298,487						45,577
Consumer and Healthcare			177,832						207,785						385,617						56,331
High Tech and Manufacturing			180,158						225,057						405,215						64,291
Net revenues			485,233						604,086						1,089,319
Business held for sale (refer to Note (a) below and Note 8)															(490)						1,201
Net revenues (excluding business held for sale - refer to Note (a) below and Note 8)															1,088,829
Others*																					11,592
Total AOI																					178,992
Stock-based compensation																					(19,704)
Amortization and impairment of acquired intangible assets (other than included above)																					(8,143)
Foreign exchange gains (losses), net																					(1,040)
Interest income (expense), net																					(9,627)
Operating loss from the business classified as held for sale (refer to Note (a) below and Note 8)																					(1,201)
Loss on the sale of business classified as held for sale (refer to Note (a) below and Note 8)																					(802)
Income tax expense																					(32,374)
Net income																					106,101

    

(a) During the second quarter of 2022, the Company's management approved a plan to divest a business that comprised part of the Company's Consumer and Healthcare segment. The revenues and associated operating losses attributable to this business, including a loss on the sale of business recorded in the quarter ended March 31, 2023, have been excluded from the computation of adjusted operating income margin with effect from April 1, 2022, as management believes that excluding these items provides useful information about the Company's financial performance and underlying business trends.

*With effect from January 1, 2023, the Company has modified the items that are allocated to the Company's reportable segments for the purpose of evaluating segment performance, and the Company now allocates by segment certain foreign exchange gains/(losses) (to the extent included in income from operations) and unallocated resource costs. Segment results after such allocation are reviewed by the CODM to evaluate segment performance. Prior to January 1, 2023, the CODM evaluated the performance of reportable segment revenue and adjusted income from operations after excluding these items, which were previously included under "Others." Adjusted income from operations for “Others” primarily represents the impact of certain under or over-absorption of overhead, and allowance for credit losses, which are not allocated to the Company’s segments for management’s internal reporting purposes.

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- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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