v3.26.1
Segment reporting
 3 Months Ended
Mar. 31, 2026
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 general and administrative 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, 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 has identified cost of revenue as the significant segment expense which is provided to the CODM on a regular basis. The Company has also provided information related to other segment items.
Revenues, cost of revenue, other segment items and AOI for each of the Company’s segments for the three months ended March 31, 2025 were as follows:
Net revenuesCost of RevenueOther segment items*AOI
Financial Services$327,220 $206,838 $62,190 $58,192 
Consumer and Healthcare420,484 273,630 76,530 70,324 
High Tech and Manufacturing467,222 305,464 81,643 80,115 
Net revenues$1,214,926 
Unallocated corporate expenses(1,103)1,103 
Stock-based compensation expense(20,036)
Amortization of acquired intangible assets(4,318)
Foreign exchange gains, net1,289 
Interest income (expense), net(11,446)
Income tax expense(44,370)
Net income$130,853 
*Other segment items primarily include 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 AOI for each of the Company’s segments for the three months ended March 31, 2026 were as follows:
Net revenuesCost of RevenueOther segment items*AOI
Financial Services$345,038 $211,156 $67,632 $66,250 
Consumer and Healthcare446,311 297,906 83,703 64,702 
High Tech and Manufacturing504,723 315,342 96,907 92,474 
Net revenues$1,296,072 
Unallocated corporate expenses(252)252 
Stock-based compensation(22,273)
Amortization of acquired intangible assets(3,111)
Foreign exchange gains, net7,302 
Interest income (expense), net(11,602)
Income tax expense(46,002)
Net income$147,992 
*Other segment items primarily include selling, general and administrative expenses (excluding stock-based compensation expenses), other operating (income) expense, net and other income (expense), net.