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Segment reporting
9 Months Ended
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 revenuesCost of RevenueOther segment items*AOI
Financial Services$331,552 $210,898 $62,383 $58,271 
Consumer and Healthcare426,065 275,753 75,847 74,465 
High Tech and Manufacturing453,332 292,860 79,292 81,180 
Net revenues$1,210,949 
Unallocated corporate expenses955 (955)
Stock-based compensation expense(19,726)
Amortization of acquired intangible assets
(6,494)
Foreign exchange gains, net1,133 
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 revenuesCost of RevenueOther segment items*AOI
Financial Services$342,793 $215,407 $63,409 $63,977 
Consumer and Healthcare429,805 278,836 78,756 72,213 
High Tech and Manufacturing518,659 327,359 90,123 101,177 
Net revenues$1,291,257 
Unallocated corporate expenses8,460 (8,460)
Stock-based compensation(22,221)
Amortization of acquired intangible assets
(8,227)
Foreign exchange gains, net3,678 
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 revenuesCost of RevenueOther segment items*AOI
Financial Services$957,164 $612,046 $186,749 $158,369 
Consumer and Healthcare1,253,441 813,388 228,066 211,987 
High Tech and Manufacturing1,307,793 848,670 234,304 224,819 
Net revenues$3,518,398 
Unallocated corporate expenses1,921 (1,921)
Stock-based compensation(47,276)
Amortization of acquired intangible assets
(19,963)
Foreign exchange gains, net4,424 
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 revenuesCost of RevenueOther segment items*AOI
Financial Services$1,008,630 $636,036 $186,968 $185,626 
Consumer and Healthcare1,278,854 831,281 229,005 218,568 
High Tech and Manufacturing1,473,117 944,567 257,242 271,308 
Net revenues$3,760,601 
Unallocated corporate expenses19,591 (19,591)
Stock-based compensation(64,055)
Amortization of acquired intangible assets
(16,860)
Foreign exchange gains, net5,343 
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.