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Segment reporting (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2023 were as follows:
| Net revenues |  |
| Data-Tech-AI |  | Digital operations |  | Total |  | AOI
Financial Services | $ | 140,026 |  |  | $ | 158,461 |  |  | $ | 298,487 |  |  | $ | 45,577 |
Consumer and Healthcare | 181,922 |  |  | 203,695 |  |  | 385,617 |  |  | 56,331 |
High Tech and Manufacturing | 188,005 |  |  | 217,210 |  |  | 405,215 |  |  | 64,291 |
Net revenues | $ | 509,953 |  |  | $ | 579,366 |  |  | $ | 1,089,319 |  |  |
Business held for sale (refer to Note (a) below and Note 7) |  |  |  |  | (490) |  |  | 1,201 |
Net revenues (excluding business held for sale - refer to Note (a) below and Note 7) |  |  |  |  | $ | 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) |
Business 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 7) |  |  |  |  |  |  | (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 losses, including an impairment charge recorded in the quarter ended March 31, 2023, attributable to this business 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. Revenues and adjusted income from operations for each of the Company’s segments for the three months ended March 31, 2024 were as follows:
| Net revenues |  |
| Data-Tech-AI |  | Digital operations |  | Total |  | AOI
Financial Services | $ | 141,786 |  |  | $ | 164,682 |  |  | $ | 306,468 |  |  | $ | 47,003 |
Consumer and Healthcare | 186,198 |  |  | 217,175 |  |  | 403,373 |  |  | 66,796 |
High Tech and Manufacturing | 195,851 |  |  | 225,545 |  |  | 421,396 |  |  | 69,046 |
Net revenues | $ | 523,835 |  |  | $ | 607,402 |  |  | $ | 1,131,237 |  |  |
Others |  |  |  |  |  |  | (966) |
Total AOI |  |  |  |  |  |  | $ | 181,879 |
Stock-based compensation |  |  |  |  |  |  | (9,181) |
Amortization and impairment of acquired intangible assets (other than included above) |  |  |  |  |  |  | (6,925) |
Foreign exchange gains (losses), net |  |  |  |  |  |  | 837 |
Interest income (expense), net |  |  |  |  |  |  | (10,242) |
Income tax (expense)/benefit |  |  |  |  |  |  | (39,421) |
Net income |  |  |  |  |  |  | $ | 116,947 |

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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. + References No definition available. + Details
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- References No definition available. + Details
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