• Growth outlook: Constant-currency growth was 5.1%, and management expects the second half to be better than the first half.
• Vertical performance: In Q2, three verticals grew above 7%; BFS also showed good growth in both Q1 and Q2 after a productivity passback impact in Q4.
• Saudi Arabia: Unexpected revenue loss in the company’s Saudi Arabia business affected growth this quarter.
• Deal-win trend: Management characterized deal wins as a trend change rather than a weakness: vendor-consolidation deals typically run 3 to 5 years, while newer AI-based deals tend to have shorter tenors.
• AI strategy: AI revenue was approximately 13%, with a substantial jump. The four focus areas are Enterprise AI, Business AI, Industrial AI, and Marketing and Creative AI; the latter three extend work into customers’ business processes beyond IT.