Bhavan Suri – William Blair

Thanks, gentlemen, just a couple of quick questions following up on George’s questions on demand. The engineering services and IMS also look relatively weak this quarter compared to what we would expect the growth in these areas to be given the low saturation, and sort of your focus on these areas. Could you provide a little color about what you are seeing in those markets and what growth for the rest of year might look like?

Ram Mynampati

Sure this is Ram Mynampati here. We are very optimistic about the business opportunities in engineering services particularly. We are pursuing a number of opportunities that are, and the innovation end of the value chain. We also see a good traction in most of the markets where engineering services becomes a prominent play manufacturing in general or in between the manufacturing sector there are segments like aerospace. Similarly the engineering service is, looking very good in companies that are in consumer products that are even in other markets that are traditionally not a big players of engineering services. So we remain very positive about our engineering services potential. And while the numbers this quarter may not reflect that, our outlook remains very good about engineering services.

On the infrastructure side, again some of the business that we have got in this quarter on infrastructure side is in line with our expectation but like any consolidation effort we would make it almost obvious that some of the consolidation would lead to redefinition of the infrastructure services as well. So we have not seen a dramatic growth in infrastructure business this quarter, but the outlook is good for infrastructure and management services as well. I would like to also point out that one of the clear signs of where the market is, is visible in the fact that our ADMS has grown this quarter in particularly transformational engagements and engagements that are primarily focused on operation efficiencies and cost out most of those tend to start with efforts in ADMS. So your revenue distribution in ADMS is reflective of where the near term opportunities would come from. Just thought I would highlight that aspect since we are talking about all other businesses.

Bhavan Suri – William Blair

Sure thanks Ram. Quick other question, now we talked about weaker demands in the US. Have you seen any weakness in Europe and can you speak a little more about what you are seeing in that market given that Asia, you feel is still strong.

Ram Mynampati

Yeah I think I would categorize this in two different buckets. One is in the BFSI bucket and second given all other businesses. In the BFSI, while the market is somewhat weak in the US that sentiment has spread to an extent in particularly into UK and some of the other markets in continental Europe, but outside of that most of the other markets we have not seen any dramatic impact in European market for those businesses. It just so happened that we have seen greater traction in Asia Pacific market, particularly in markets like Middle East and Australia. So outside of BFSI Europe looks good again good within the market the market we are operating in today.

Bhavan Suri – William Blair

Great, you know I will let ask others question. Thanks Ram.

Ram Mynampati

Thank you.

Operator

Thank you, Mr. Suri. The next question is from the line of Mr. Joseph Foresi from Janney Montgomery Scott. Please go ahead.

Joseph Foresi – Janney Montgomery Scott

Hello, I just wondered first, maybe you can give us a little bit more color on your package implementation offering. Is that a higher discretionary spend decision than your standard application development and maintenance work?

Ram Mynampati

It used to be at one time, but perhaps it is no longer the case. The reason why that is the case is because many of the applications that were customized earlier, they are being dealt with now by packages. So the breadth of the business areas that are addressed by package implementation has grown quite dramatically. So much so that there isn’t a significant business area that is not addressed by package implementation, this opportunity. So I would not say that discretionary spend correlation exist any longer with package implementation. And it follows that once there is a package chosen for implementation addressing a specific business area the maintenance and support relating those packages tend to be mission critical as well. So I would not say great proportion of the package implementation is discretionary any longer. It used to be the case sometimes, but not anymore.

Joseph Foresi – Janney Montgomery Scott