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Segment reporting | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment reporting | Segment reporting The Company manages various types of business process and information technology services in an integrated manner for clients in various industries and geographic locations. The Company's operating segments are significant strategic business units that align its products and services with how it manages its business, approaches key markets and interacts with its clients. The Company’s reportable segments are as follows: (i) Financial Services, (ii) Consumer and Healthcare, and (iii) High Tech and Manufacturing. The Company’s Chief Executive Officer, who has been identified as the Chief Operating Decision Maker ("CODM"), is presented with operating segment revenue and operating segment adjusted income from operations ("AOI"). The CODM uses both revenue and AOI to review the monthly and quarterly performance of the Company's operating segments. The CODM uses AOI, which is gross margin and G&A expenditures, to assess capacity for investments in each segment, including sales capacity, delivery resources, offerings and solutions, or partnerships. The Company does not allocate, and therefore the CODM does not evaluate, stock-based compensation expenses, amortization of acquired intangible assets, unallocated corporate expenses, foreign exchange gain/(loss), interest income/(expense), restructuring (expense)/income, acquisition related expenses, gains/(loss) from businesses held for sale, including impairment charges, other income/(expense), or income taxes by segment. Unallocated corporate expenses primarily represent the impact of certain under or over-absorption of overhead and allowances for credit losses, which are not allocated to the Company’s segments for management’s internal reporting purposes. The Company’s operating assets and liabilities pertain to multiple segments. The Company manages assets and liabilities on a total company basis, not by operating segment, and therefore asset and liability information and capital expenditures by operating segment are not presented to the CODM and are not reviewed by the CODM. The Company adopted ASU No. 2023-07, "Segment Reporting" (Topic 280), during the year ended December 31, 2024 and has provided the additional segment related information required by ASU 2023-07 for the three and six months ended June 30, 2025 and for the comparative three and six months ended June 30, 2024. Accordingly, the Company has identified cost of revenue as the significant segment expense that is provided to the CODM on a regular basis. The Company has also provided information related to other segment items. 18. Segment reporting (Continued) Revenues, cost of revenue, other segment items and adjusted income from operations for each of the Company’s segments for the three months ended June 30, 2024 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 319,144 |  |  | $ | 203,745 |  |  | $ | 62,304 |  |  | $ | 53,095 |
Consumer and Healthcare | 424,003 |  |  | 275,487 |  |  | 77,790 |  |  | 70,726 |
High Tech and Manufacturing | 433,065 |  |  | 280,602 |  |  | 77,870 |  |  | 74,593 |
Net revenues | $ | 1,176,212 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | — |  |  | — |
Stock-based compensation expense |  |  |  |  |  |  | (18,369) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (6,544) |
Foreign exchange gains, net |  |  |  |  |  |  | 2,454 |
Interest income (expense), net |  |  |  |  |  |  | (13,538) |
Income tax expense |  |  |  |  |  |  | (40,427) |
Net income |  |  |  |  |  |  | $ | 121,990 |
*Other segment items primarily includes selling, general and administrative expenses (excluding stock-based compensation expenses), other operating (income) expense, net and other income (expense), net. 18. Segment reporting (Continued) Revenues, cost of revenue, other segment items and adjusted income from operations for each of the Company’s segments for the three months ended June 30, 2025 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 338,617 |  |  | $ | 213,791 |  |  | $ | 61,369 |  |  | $ | 63,457 |
Consumer and Healthcare | 428,565 |  |  | 278,815 |  |  | 73,719 |  |  | 76,031 |
High Tech and Manufacturing | 487,236 |  |  | 311,744 |  |  | 85,476 |  |  | 90,016 |
Net revenues | $ | 1,254,418 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 12,234 |  |  | (12,234) |
Stock-based compensation |  |  |  |  |  |  | (21,798) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (4,315) |
Foreign exchange gains, net |  |  |  |  |  |  | 376 |
Interest income (expense), net |  |  |  |  |  |  | (13,485) |
Acquisition-related expenses |  |  |  |  |  |  | (1,310) |
Income tax expense |  |  |  |  |  |  | (44,022) |
Net income |  |  |  |  |  |  | $ | 132,716 |
*Other segment items primarily includes selling, general and administrative expenses (excluding stock-based compensation expenses), other operating (income) expense, net and other income (expense), net. 18. Segment reporting (Continued) Revenues, cost of revenue, other segment items and adjusted income from operations for each of the Company’s segments for the six months ended June 30, 2024 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 625,612 |  |  | $ | 401,148 |  |  | $ | 124,366 |  |  | $ | 100,098 |
Consumer and Healthcare | 827,376 |  |  | 537,636 |  |  | 152,218 |  |  | 137,522 |
High Tech and Manufacturing | 854,461 |  |  | 555,809 |  |  | 155,013 |  |  | 143,639 |
Net revenues | $ | 2,307,449 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 966 |  |  | (966) |
Stock-based compensation |  |  |  |  |  |  | (27,550) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (13,469) |
Foreign exchange gains, net |  |  |  |  |  |  | 3,291 |
Interest income (expense), net |  |  |  |  |  |  | (23,780) |
Income tax expense |  |  |  |  |  |  | (79,848) |
Net income |  |  |  |  |  |  | $ | 238,937 |
*Other segment items primarily includes selling, general and administrative expenses (excluding stock-based compensation expenses), other operating (income) expense, net and other income (expense), net. 18. Segment reporting (Continued) Revenues, cost of revenue, other segment items and adjusted income from operations for each of the Company’s segments for the six months ended June 30, 2025 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 665,837 |  |  | $ | 420,629 |  |  | $ | 123,559 |  |  | $ | 121,649 |
Consumer and Healthcare | 849,049 |  |  | 552,445 |  |  | 150,249 |  |  | 146,355 |
High Tech and Manufacturing | 954,458 |  |  | 617,208 |  |  | 167,119 |  |  | 170,131 |
Net revenues | $ | 2,469,344 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 11,131 |  |  | (11,131) |
Stock-based compensation |  |  |  |  |  |  | (41,834) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (8,633) |
Foreign exchange gains, net |  |  |  |  |  |  | 1,665 |
Interest income (expense), net |  |  |  |  |  |  | (24,931) |
Acquisition-related expenses |  |  |  |  |  |  | (1,310) |
Income tax expense |  |  |  |  |  |  | (88,392) |
Net income |  |  |  |  |  |  | $ | 263,569 |
*Other segment items primarily includes selling, general and administrative expenses (excluding stock-based compensation expenses), other operating (income) expense, net and other income (expense), net.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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