Gurnani said most of the large customers in the US have declared a forced shutdown during the quarter as holiday.
"Currently America accounts for 53 per cent, Europe 24 per cent and Rest of the World is 24 per cent. I personally see that this trend would continue for some time," Gurnani said.
Employee utilisation is running at 77 per cent, Gurnani added.
Total headcount of the company stood at 36,956 as of December 31, 2012, a net addition of 169 over previous quarter and attrition stood at 13 per cent during the quarter.