Segment reporting (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of revenue and adjusted income from operations by reporting segments

Revenues and adjusted income from operations for each of the Company’s segments for the year ended December 31, 2020 were as follows:


	Net revenues
	Data-Tech-AI	Digital Operations	Total	AOI
Financial Services	389,291	689,903	1,079,194	132,939
Consumer and Healthcare	513,775	750,878	1,264,653	197,197
High Tech and Manufacturing	486,532	902,294	1,388,826	244,166
Total reportable segment	1,389,598	2,343,075	3,732,673	574,302
Others*	(5,627)	(17,669)	(23,296)	14,506
Total	1,383,971	2,325,406	3,709,377	588,808
Stock-based compensation				(74,008)
Amortization and impairment of acquired intangible assets (other than included above)				(43,648)
Acquisition-related expenses				(2,650)
Foreign exchange gains (losses), net				7,482
Interest income (expense), net				(48,960)
Restructuring expenses (refer (a) below and Note 27)				(26,547)
Income tax expense				(92,201)
Net income				308,276

(a) We do not allocate these charges to individual segments in internal management reports used by the chief operating decision maker. Accordingly, such expenses are included in our segment reporting as “unallocated costs.”

*Revenues, net for “Others” primarily represents the impact of foreign exchange fluctuations, which is not allocated to the Company’s segments for management’s internal reporting purposes. Adjusted income from operations for “Others” primarily represents the impact of over-absorption of overhead, unallocated allowances for credit losses, impairments related to operating ROU assets and property, plant and equipment, and foreign exchange fluctuations, which are not allocated to the Company’s segments for management’s internal reporting purposes.

24. Segment reporting (Continued)

Revenues and adjusted income from operations for each of the Company’s segments for the year ended December 31, 2021 were as follows:


	Net revenues
	Data-Tech-AI	Digital Operations	Total	AOI
Financial Services	402,508	614,279	1,016,787	126,972
Consumer and Healthcare	666,800	842,735	1,509,535	250,765
High Tech and Manufacturing	618,378	860,774	1,479,152	272,754
Total reportable segment	1,687,686	2,317,788	4,005,474	650,491
Others**	4,595	12,142	16,737	12,189
Total	1,692,281	2,329,930	4,022,211	662,680
Stock-based compensation				(81,968)
Amortization and impairment of acquired intangible assets (other than included above)				(57,641)
Acquisition-related expenses				(1,177)
Foreign exchange gains (losses), net				12,669
Interest income (expense), net				(51,434)
Income tax expense				(113,681)
Net income				369,448

**Revenues, net for “Others” primarily represents the impact of foreign exchange fluctuations, which is not allocated to the Company’s segments for management’s internal reporting purposes. Adjusted income from operations for “Others” primarily represents the impact of over-absorption of overhead, unallocated allowances for credit losses, and foreign exchange fluctuations, which are not allocated to the Company’s segments for management’s internal reporting purposes.

24. Segment reporting (Continued)

Revenues and adjusted income from operations for each of the Company’s segments for the year ended December 31, 2022 were as follows:


	Net revenues
	Data-Tech-AI	Digital Operations	Total	AOI
Financial Services	532,901	651,445	1,184,346	157,917
Consumer and Healthcare	741,350	885,126	1,626,476	213,737
High Tech and Manufacturing	716,630	935,678	1,652,308	283,598
Total reportable segment	1,990,881	2,472,249	4,463,130	655,252
Others***	(30,992)	(60,966)	(91,958)	38,125
Total	1,959,889	2,411,283	4,371,172	693,377
Business held for sale (refer to Note (b) below and Note 8)			(11,973)	24,842
Total (excluding business held for sale - refer to Note (b) below and Note 8)			4,359,199	718,219
Stock-based compensation				(77,373)
Amortization and impairment of acquired intangible assets (other than included above)				(42,566)
Foreign exchange gains (losses), net				15,392
Interest income (expense), net				(52,204)
Business held for sale (refer to Note (b) below and Note 8)				(24,842)
Impairment charge on assets classified as held for sale (refer to Note (b) below and Note 8)				(32,575)
Restructuring expense (refer to Note (c) below and Note 27)				(38,815)
Income tax expense				(111,832)
Net income				353,404

(b) During the second quarter of 2022, the Company's management approved a plan to divest a business that comprises part of the Company's Consumer and Healthcare segment. The revenues and associated losses, including an impairment charge recorded for the year ended December 31, 2022, attributable to this business have been excluded from the computation of adjusted income from operations margin with effect from April 1, 2022, as management believes that excluding these items provides useful information about the Company's financial performance and underlying business trends.

(c) The Company does not allocate these charges to individual segments in internal management reports used by the CODM. Accordingly, such expenses are included in the Company's segment reporting as “unallocated costs.”

***Revenues, net for “Others” primarily represents the impact of foreign exchange fluctuations, which is not allocated to the Company’s segments for management’s internal reporting purposes. Adjusted income from operations for “Others” primarily represents the impact of over-absorption of overhead, unallocated allowance for credit losses, and foreign exchange fluctuations, which are not allocated to the Company’s segments for management’s internal reporting purposes.

Schedule of net revenues from geographic areas based on location of service delivery centers

Net revenues from geographic areas based on the location of the Company’s service delivery centers are as follows. A portion of net revenues attributable to India consists of net revenues for services performed by delivery centers in India or at clients’ premises outside of India by business units or personnel normally based in India.


	Year ended December 31,
	2020		2021		2022
India	$	1,851,347	$	2,022,123	$	2,282,706
Asia, other than India	461,839		536,595		551,474
North and Latin America	1,007,635		1,011,759		1,065,509
Europe	388,556		451,734		471,483
Total net revenues	$	3,709,377	$	4,022,211	$	4,371,172

Schedule of property, plant and equipment, net by geographic areas

Property, plant and equipment, net by geographic region are as follows:


	As of December 31,
	2021		2022
India	$	142,237	$	125,442
Asia, other than India	16,315		14,486
North and Latin America	36,973		26,031
Europe	19,564		14,799
Total	$	215,089	$	180,758