This benefit was partially offset by currency depreciation against the U.S. dollar, hedging losses, travel seasonality, and a reduction in short-term revenue.

Jan 19, 2023 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2023-01-19 | transcript 427a4e8d-9e2d-4458-a199-7d7f77b44348 | chars 9533-9691 | segment 9

These benefits more than offset employee wage increases and higher facility related and travel costs associated with our return to office.

Jul 21, 2022 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2022-07-21 | transcript b7c88b07-d6f0-48ce-944d-0ffd7a6353a3 | chars 10097-10235 | segment 10

Sequentially, margins decreased as a result of wage increases and higher facility related and travel costs.

Jul 21, 2022 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2022-07-21 | transcript b7c88b07-d6f0-48ce-944d-0ffd7a6353a3 | chars 10236-10343 | segment 10

Sequential revenue improvement was broad-based across most verticals services, and geographies, and driven by new logos, the expansion of existing relationships, and increased travel volumes.

Jan 20, 2022 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2022-01-20 | transcript f345631b-fd31-4778-84ad-09885fbf02c8 | chars 11374-11565 | segment 11

Sequentially, margin reductions were the incremental wage pressure in quarter 3 and additional facility related and travel expenses which more than offset benefits from productivity and operating leverage on increased volumes.

Jan 20, 2022 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2022-01-20 | transcript f345631b-fd31-4778-84ad-09885fbf02c8 | chars 12165-12391 | segment 12

Hiring in the quarter continued in support of new business ramps and volume increases in travel, which helped drive our sequential revenue growth.

Oct 28, 2021 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2021-10-28 | transcript 51659c3f-cfb8-4d5e-9fa7-2866e36c78be | chars 14233-14379 | segment 14

The committed Q2 volumes have predominantly been serviced through the OTA clients and especially related to domestic travel. what we do anticipate is as the lockdowns ease in different regions of the world and international leisure and international business travel starts picking up momentum and as airlines expand on their capacity, we do expect to see these volumes start increasing.

Oct 28, 2021 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2021-10-28 | transcript 51659c3f-cfb8-4d5e-9fa7-2866e36c78be | chars 16707-17093 | segment 16

And just to add a little color to that, Brian, we ran about $40 million in revenue in the travel vertical during Q2, which means we're still running roughly 7% below the pre-pandemic levels.

Oct 28, 2021 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2021-10-28 | transcript 51659c3f-cfb8-4d5e-9fa7-2866e36c78be | chars 17225-17415 | segment 17

And as Gotham mentioned, that's primarily going to be in international travel and airlines-related revenues.

Oct 28, 2021 / CFO / receipt, needs a key / Sanjay Puriya, CFO | earnings call 2021-10-28 | transcript 51659c3f-cfb8-4d5e-9fa7-2866e36c78be | chars 17791-17899 | segment 17