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Segment reporting | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment reporting | Segment reporting 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, write-downs of property, plant and equipment and right-of-use assets, 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 nine months ended September 30, 2025 and for the comparative three and nine months ended September 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 September 30, 2024 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 331,552 |  |  | $ | 210,898 |  |  | $ | 62,383 |  |  | $ | 58,271 |
Consumer and Healthcare | 426,065 |  |  | 275,753 |  |  | 75,847 |  |  | 74,465 |
High Tech and Manufacturing | 453,332 |  |  | 292,860 |  |  | 79,292 |  |  | 81,180 |
Net revenues | $ | 1,210,949 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 955 |  |  | (955) |
Stock-based compensation expense |  |  |  |  |  |  | (19,726) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (6,494) |
Foreign exchange gains, net |  |  |  |  |  |  | 1,133 |
Interest income (expense), net |  |  |  |  |  |  | (12,387) |
Income tax expense |  |  |  |  |  |  | (42,669) |
Net income |  |  |  |  |  |  | $ | 132,818 |
*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 September 30, 2025 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 342,793 |  |  | $ | 215,407 |  |  | $ | 63,409 |  |  | $ | 63,977 |
Consumer and Healthcare | 429,805 |  |  | 278,836 |  |  | 78,756 |  |  | 72,213 |
High Tech and Manufacturing | 518,659 |  |  | 327,359 |  |  | 90,123 |  |  | 101,177 |
Net revenues | $ | 1,291,257 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 8,460 |  |  | (8,460) |
Stock-based compensation |  |  |  |  |  |  | (22,221) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (8,227) |
Foreign exchange gains, net |  |  |  |  |  |  | 3,678 |
Interest income (expense), net |  |  |  |  |  |  | (12,785) |
Income tax expense |  |  |  |  |  |  | (43,521) |
Net income |  |  |  |  |  |  | $ | 145,831 |
*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 nine months ended September 30, 2024 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 957,164 |  |  | $ | 612,046 |  |  | $ | 186,749 |  |  | $ | 158,369 |
Consumer and Healthcare | 1,253,441 |  |  | 813,388 |  |  | 228,066 |  |  | 211,987 |
High Tech and Manufacturing | 1,307,793 |  |  | 848,670 |  |  | 234,304 |  |  | 224,819 |
Net revenues | $ | 3,518,398 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 1,921 |  |  | (1,921) |
Stock-based compensation |  |  |  |  |  |  | (47,276) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (19,963) |
Foreign exchange gains, net |  |  |  |  |  |  | 4,424 |
Interest income (expense), net |  |  |  |  |  |  | (36,167) |
Income tax expense |  |  |  |  |  |  | (122,517) |
Net income |  |  |  |  |  |  | $ | 371,755 |
*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 nine months ended September 30, 2025 were as follows:
| Net revenues |  | Cost of Revenue |  | Other segment items* |  | AOI
Financial Services | $ | 1,008,630 |  |  | $ | 636,036 |  |  | $ | 186,968 |  |  | $ | 185,626 |
Consumer and Healthcare | 1,278,854 |  |  | 831,281 |  |  | 229,005 |  |  | 218,568 |
High Tech and Manufacturing | 1,473,117 |  |  | 944,567 |  |  | 257,242 |  |  | 271,308 |
Net revenues | $ | 3,760,601 |  |  |  |  |  |  |
Unallocated corporate expenses |  |  |  |  | 19,591 |  |  | (19,591) |
Stock-based compensation |  |  |  |  |  |  | (64,055) |
Amortization of acquired intangible assets |  |  |  |  |  |  | (16,860) |
Foreign exchange gains, net |  |  |  |  |  |  | 5,343 |
Interest income (expense), net |  |  |  |  |  |  | (37,716) |
Acquisition-related expenses |  |  |  |  |  |  | (1,310) |
Income tax expense |  |  |  |  |  |  | (131,913) |
Net income |  |  |  |  |  |  | $ | 409,400 |
*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. 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