v3.26.1
Net revenues
 3 Months Ended
Mar. 31, 2026
Revenues [Abstract]  
Net revenues Net revenues
Disaggregation of revenue

Effective January 1, 2026, the Company revised its revenue disaggregation to better align with its current business structure, strategic priorities and internal reporting. The Company's revenue is now disaggregated between Advanced Technology Solutions and Core Business Services, replacing the prior disaggregation between Data-Tech-AI and Digital Operations. Accordingly, no disaggregation of revenue between Data-Tech-AI and Digital Operations has been presented for the three months ended March 31, 2025 and March 31, 2026.
Advanced Technology Solutions includes revenues from solutions and services focused on data and AI, digital technology, advisory services and agentic solutions.
Core Business services includes revenues from decision support services, technology services and Digital Operations.
In the following table, the Company’s revenue is disaggregated by the nature of solutions and services provided between Advanced Technology Solutions and Core Business Services:

Three months ended March 31,
20252026
Advanced Technology Solutions
$277,627 $345,229 
Core Business Services
937,299950,843
Net revenues$1,214,926 $1,296,072 
19. Net revenues (Continued)
All three of the Company's segments include revenue from each of the service types included in the tables above. See Note 18 for additional information.
Contract balances
Contract assets represent the contract acquisition fees or other upfront fees paid to a customer. Such costs are amortized over the expected period of benefit and recorded as an adjustment to the transaction price and deducted from revenue. The Company’s assessment did not indicate any significant impairment losses on its contract assets for the periods presented.
Contract liabilities include that portion of revenue for which payments have been received in advance from customers. The Company also defers revenues attributable to certain process transition activities for which costs have been capitalized by the Company as contract fulfillment costs. Consideration received from customers, if any, relating to such transition activities is also included as part of contract liabilities. The contract liabilities are included within “Accrued expenses and other current liabilities” and “Other liabilities” in the consolidated balance sheets. The revenues are recognized as (or when) the performance obligation is fulfilled pursuant to the contract with the customer.
The following table shows the details of the Company’s contract balances:
 
As of December 31, 2025As of March 31, 2026
Contract assets (Note a)$64,811 $77,906 
Contract liabilities (Note b)
Deferred transition revenue$90,607 $85,532 
Advance from customers$159,584 $146,544 

(a)Included in "prepaid expenses and other current assets" and "other assets" in the consolidated balance sheets.

(b)Included in "accrued expenses and other current liabilities" and "other liabilities" in the consolidated balance sheets.

Changes in the Company’s contract asset and liability balances during the three months ended March 31, 2025 and 2026 were a result of normal business activity and not materially impacted by any other factors.

The amount of revenue recognized during the three months ended March 31, 2025 and 2026 that was included in the Company's contract liabilities balance at the beginning of each period was $52,493 and $84,086, respectively.

The following table includes estimated revenue expected to be recognized in the future related to remaining performance obligations as of March 31, 2026:

ParticularsTotalLess than 1 year1-3 years3-5 yearsAfter 5 years
Transaction price allocated to remaining performance obligations$232,076 $189,186 $33,380 $9,211 $299 
19. Net revenues (Continued)
The following table provides details of the Company’s contract cost assets:
Three months ended March 31,
20252026
ParticularsSales incentive programsTransition activitiesSales incentive programsTransition activities
Opening balance$41,348 $159,552 $34,556 $162,863 
Closing balance38,230162,19930,773162,100
Amortization6,35819,3744,10517,371