Q1 FY23:

• Net revenues (less repair payments) were $274.8m, up 16.3% y/y, up 20.8% in CC.
• EBIT was $41.3m, a margin of 15.0%, up 0.9 pts y/y
• Adjusted EBIT margin was 21.1%, up 0.3 pts y/y.

Q2 FY23 revenue mix (with approximate net revenue and y/y growth) by service line was:

• Industry specific 36.7% ($101m, +6%)
• Autoclaims 6.5% ($18m, -5%)
• Customer experience services 19.6% ($54m, +41%)
• F&A 23.1% ($64m, +17%)
• Research & analytics 9.7% ($27m, +12%)
• Technology services 4.2% ($11m, +140%)
• Legal services 0.2% ($0.5m)
• HRO 0.1% ($0.3m)

Q1 FY23 revenue mix (with approximate net revenue and y/y growth)by region was:

• North America 47.8% ($131m, +25%)

• U.K. 31.5% ($87m, +0%)
• Europe 6.5% ($18m, +28%)
• South Africa 1.1% ($3m, -57%)
• Others 13.1% ($36m, +11%).

Q1 FY23 revenue mix (with approximate net revenue and y/y growth) by sector:

• Travel and leisure 16.3% ($45m, +46%)
• Insurance 28.3% ($78m, +9%)
• Healthcare 17% ($47m, +7%)
• Utilities 4.5% ($12m, +19%)
• Banking & financial services 5.8% ($16m, +15%)
• Manufacturing, CPRD, telecom & diversified business 13.8% ($38m, +11%)
• Hi-tech & professional services 6.2% ($17m, +11%)
• Shipping & logistics 8.0% ($22m, +33%).

Q1 FY23  revenue contribution (and approximate revenue) from largest clients was:

• Largest client 7.3% ($20m)
• Top 5 clients 26.3% ($72m)
• Top 10 clients 41% ($113m)
• Top 20 clients 53.5% ($147m)

Headcount at the end of the quarter was 55,146, a net y/y increase of 8,228 (17.5%).

Guidance for full FY22 includes revenue less repair payments of $1,100-1,152m, a growth of 7.1% to 12.2%, or 11-17% in CC. The company currently has 95% visibility to the midpoint of the range.