v3.26.1
Segment reporting
 6 Months Ended
Jun. 30, 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.
18. Segment reporting (Continued)
Net revenues, cost of revenue, other segment items and AOI for each of the Company’s segments for the three months ended June 30, 2026 were as follows:
Net revenuesCost of RevenueOther segment items*AOI
Financial Services$349,890 $212,208 $69,842 $67,840 
Consumer and Healthcare469,172 308,143 88,495 72,534 
High Tech and Manufacturing524,376 332,749 101,952 89,675 
Net revenues$1,343,438 
Unallocated corporate expenses(3,509)3,509 
Stock-based compensation expense(26,359)
Amortization of acquired intangible assets(3,278)
Foreign exchange gains, net2,109 
Interest income (expense), net(15,147)
Income tax expense(45,146)
Net income$145,737 
*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.
Net revenues, cost of revenue, other segment items and AOI for each of the Company’s segments for the three months ended June 30, 2025 were as follows:
Net revenuesCost of RevenueOther segment items*AOI
Financial Services$338,617 $213,791 $61,369 $63,457 
Consumer and Healthcare428,565 278,815 73,719 76,031 
High Tech and Manufacturing487,236 311,744 85,476 90,016 
Net revenues$1,254,418 
Unallocated corporate expenses12,234 (12,234)
Stock-based compensation(21,798)
Amortization of acquired intangible assets(4,315)
Foreign exchange gains, net376 
Interest income (expense), net(13,485)
Acquisition-related expenses(1,310)
Income tax expense(44,022)
Net income$132,716 
*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)
Net revenues, cost of revenue, other segment items and AOI for each of the Company’s segments for the six months ended June 30, 2026 were as follows:
Net revenuesCost of RevenueOther segment items*AOI
Financial Services$694,928 $423,364 $137,474 $134,090 
Consumer and Healthcare915,483 606,049 172,198 137,236 
High Tech and Manufacturing1,029,099 648,091 198,859 182,149 
Net revenues$2,639,510 
Unallocated corporate expenses(3,761)3,761 
Stock-based compensation(48,632)
Amortization of acquired intangible assets(6,389)
Foreign exchange gains, net9,411 
Interest income (expense), net(26,749)
Income tax expense(91,148)
Net income$293,729 
*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.
Net revenues, cost of revenue, other segment items and AOI for each of the Company’s segments for the six months ended June 30, 2025 were as follows:
Net revenuesCost of RevenueOther segment items*AOI
Financial Services$665,837 $420,629 $123,559 $121,649 
Consumer and Healthcare849,049 552,445 150,249 146,355 
High Tech and Manufacturing954,458 617,208 167,119 170,131 
Net revenues$2,469,344 
Unallocated corporate expenses11,131 (11,131)
Stock-based compensation(41,834)
Amortization of acquired intangible assets(8,633)
Foreign exchange gains, net1,665 
Interest income (expense), net(24,931)
Acquisition-related expenses(1,310)
Income tax expense(88,392)
Net income$263,569 
*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.