new CEO Sanjay Dayal indicating that the current business restructure was being reconsidered as part of a broader strategic review:

Strategic review mostly done by 1H20: The company will seek to determine which businesses are core to Pact’s profitability/returns as management decides between maximising efficiency of existing assets vs optimising assets for client end-market needs. Quality service, returns on capital, and a willingness to walk away from unprofitable contracts, are all front of mind. The company indicated a lack of desire to invest in businesses/projects that they might look to divest.

Potential for multiple sources of EBIT gains in FY20 that the market might be overlooking.