• Vertical segment performance: Financial services and technology verticals each grew over 3% sequentially, while the consumer segment expanded 18% year-on-year despite a marginal sequential dip caused by hardware shipment constraints in India and Middle East disruptions.
• Project execution outlook: Growth momentum in the financial services and tech verticals is expected to continue into Q2, while delayed consumer projects and compute deliveries in India are rolling into the second quarter.
• Deal wins momentum: Total order bookings reached $1.7 billion, benefiting from vendor consolidation in North America and high traction in Business AI, with AI infusion providing an effective 15% to 20% volume markup over comparable pricing.
• AI revenue targets: Baseline AI revenue—comprising Business, Creative, and Industrial AI—reached $150 million or 12% of total revenue, with management targeting quarterly expansion toward a five-year goal of 50% AI-native and 50% AI-infused revenue.