−Removed: We have discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “2020 Form 10-K”), supplemented by the disclosure below, a number of risks which may materially affect our business, financial condition or results of operations.
+Added: We have disclosed below, as well as under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Form 10-K”), supplemented by the disclosure below, a number of risks which may materially affect our business, financial condition or results of operations.
You should carefully consider these Risk Factors and other information set forth elsewhere in this Quarterly Report on Form 10-Q.
1 unchanged sentence
Additional risks and uncertainties not currently known to us may also materially adversely affect our business, financial condition and/or results of operations.
−Removed: The following constitutes a supplement to the 2020 Form 10-K, Part I, Item 1A “Risk Factors” under “Our business, results of operations and financial condition have been adversely affected, and could in the future be materially adversely affected, by the coronavirus pandemic.”
−Removed: In late March 2021, a new serious outbreak of COVID-19 virus began affecting India.
−Removed: The outbreak resulted in an exorbitant spike in the number of COVID patients, which overwhelmed the healthcare infrastructure in India.
−Removed: The Indian government reinstated lockdowns limiting in certain cases the movement of our employees to offices.
−Removed: During the same period, the Philippines also began experiencing a spike in the number of COVID patients.
−Removed: In July 2021, a significant increase in number of COVID-19 cases across the U.S.
−Removed: were brought on by the new variant of the COVID-19 virus.
−Removed: The situation has improved in India, the Philippines and the U.S., but we continue to monitor the situation in all of the jurisdictions in which we operate.
−Removed: Our operations were not materially affected in any of these geographies as a result of our appropriate business
−Removed: continuity procedures.
−Removed: It is possible that any further developments, including the emergence of new variants of the COVID-19 virus, could adversely affect our business and results of operations.
+Added: Our results of operations could be adversely affected by economic and political conditions globally and the effects of these conditions on our clients’ businesses and levels of business activity.
+Added: The Russian invasion of Ukraine has resulted in increased volatility in various financial markets and across various sectors.
+Added: The United States and other countries, along with certain international organizations, have imposed economic sanctions on Russia and on certain Russian financial institutions and state-owned entities as a response to the invasion.
+Added: The extent and duration of the military action, resulting sanctions and future market disruptions in the region are impossible to predict.
+Added: Moreover, the ongoing effects of the hostilities and sanctions may not be limited to Russia and Russian companies and may spill over to and negatively impact other regional and global economic markets.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.