Cash-flow VolatilityYear-to-year swings in operating and free cash flow create planning risk. For a project-driven services firm, volatile cash conversion can complicate capex, hiring, dividend policy and working capital management, reducing predictability despite overall positive FCF recently.
Limited Liquidity DisclosureThe balance sheet summary omits specific cash and current asset figures, obscuring short-term liquidity. Given project billing and receivable timing in IT services, missing liquidity visibility elevates execution risk and makes near-term cash coverage harder to assess.
Moderation And Missing 2025 Margin DetailThe latest-year data shows moderated revenue growth and missing margin detail for 2025. This reduced transparency and potential deceleration could reflect client timing, pricing pressure or competitive shifts, threatening momentum in revenue and margin expansion if persistent.