We see plenty of runway for margins to improve over the next few years given the company’s gradual mix shift toward higher-quality, solution-focused work (margin premium of 400- 600 basis points versus traditional staffing), growing adoption of multi- shore delivery model (usage ramped up to 60% of the top 25 clients), and Workday (WDAY $117.83; Outperform) implementation.The Bad News. It is difficult to find many negatives in these results. The FA segment missed our estimates slightly, but this was dwarfed by the outperformance of the tech segment.