Communications, media and technology was the only vertical that witnessed growth, up 0.2 per cent to $616 million. Financial services that contribute around 34.6 per cent of overall revenue, fell by 1.5 per cent to $1,469 million. Products and resources too, declined 4 per cent to $927 million.
“Against a challenging demand environment, we continued to strengthen our portfolio, execute our digital strategy and increase our competitiveness,” said Brian Humphries, chief executive officer. “Clients are realising they can distinguish themselves if they embrace disruption and transform. We are committed to making that easy for them," he said.
Digital revenue as a percentage of total revenue was 42 per cent for the third quarter, representing approximately 13 per cent growth year-on-year.
The company has declared a quarterly cash dividend of $0.22 per share with record date fixed as November 19.
“Our cost discipline and strong year-to-date cash flow enabled continued investments in growth initiatives. We took further actions to increase our financial flexibility in support of our strategic priorities,” said Jan Siegmund, chief financial officer. “Since the beginning of the third quarter, we returned over $800 million of capital to shareholders through share repurchases and dividends.”
Number of employees as of September 30, 2020 was around 283,100 as against 289,900 employees in the same period last year. However, the number of employees during the quarter ended June 30 was 281,200.