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Template preview · sample data · figures to be replaced with verified inputs before May 14
Q2 Board of Directors Meeting

From plan to proof.
The AI go-to-market is in motion.

Where agentic engineering and human experience converge to deliver enterprise outcomes — measured against what we committed to in February.

Commitments tracker
On watch
7 of 9 on track
Q1 revenue $91.2M vs $93.5M plan (-2.5%). EBITDA, NRR and AI ACV ahead.
AI velocity
Accelerating
10+ new AI logos
Verizon target lifted to $20M. McKesson, Circana, ICON, Saleloft scaling.
M&A pipeline
In execution
1 closed · 2 active
Cartesian integrated. Q2 + H2 targets in DD. Tracking $20M EBITDA add.
Where AI is winning
Selected clients · momentum since the last board

Agenda at a glance

All times ET · NYC · 9:00–13:00
9:00–9:30
Executive Session · AI landscape, Cartesian, velocity
Sudarshan Mandayam
9:30–10:00
Business Outlook · KPIs, BU breakdown, consumer lag
Ketan Somani
10:00–10:20
Financial Update · Scenario plan incl. Cartesian + tuck-ins
Ganesh Vaidyanathan
10:20–10:40
AI Wins, Pipeline & Selling Patterns
Dave Mankowski
10:40–11:00
Strategic Content, Focus Areas, Positioning
Kelly Jessop
11:00–12:30
Agentic Framework — Bounteous Arc · Engineering · Business Transformation · Methodology
Marty · Hemant · Michael
12:30–13:00
Executive Session · Wrap-up & decisions
Sudarshan Mandayam
To be reviewed
Section 01

Q1 Commitments → Where we are today

Every commitment from the February board deck, mapped to Q1 actuals with the variance story.

Commitment Said in Feb Today Status Story
What changed

AI deal velocity outpaced the Feb plan. ACVs are smaller than legacy programs but stack quickly into 7-figure annuities.

What didn't

Consumer remains the structural drag (-10% YoY). RFP losses and insourcing continue. Strategy is repositioning, not defense.

What we need from the board

(1) Endorse pricing pivot to outcomes/tokens. (2) Approve Asset 1 acquisition path. (3) Sign-off on AI productivity-adjusted headcount model.

To be reviewed
Section 02 · Ketan Somani

Business Outlook

Q1 close, BU heatmap, and a head-on look at the Consumer drag.

Q1 close · BU breakdown

Click any BU for the deep dive
Owning the question Why is growth lagging?

The Consumer drag — and how we exit it

The drag
  • • -10% YoY structural decline
  • • Insourcing + RFP losses (3 named)
  • • Annuity revenue erosion in Convenience
The pivot
  • • Engineering + GCC takeover plays
  • • AI offering for Top-20 accounts
  • • Travel & Hospitality + Convenience focus
The proof
  • • Best Western · Wawa · Suncor in motion
  • • Champion-account AI cross-sell live
  • • 5% growth target intact for 2026

Pipeline bridge · Q1 → Q2

To be reviewed
Section 03 · Ganesh Vaidyanathan

Financial Update

Live scenario model. Base case to upside cases with Anthropic + cost savings.

Revenue
$380M
vs $405M budget
EBITDA
$80M
21.1% margin · post raises & savings
EBITDA multiple
~22×
Vs. Coforge / Encora 24×
Implied valuation
$1.76B
At target multiple

Cost savings initiatives · $12.5M target

Mar-26 deck · CY26 walk

AI productivity model · headcount adjustment

Historical relationship: revenue ≈ headcount × billable rate. AI breaks that line.

To be reviewed
Section 03b · CFO detail · Mar-26 NMC

Q1 / March CY26 Close

Drill-through into the financial deck: P&L, BU performance with quarter selector, forecast walk, balance sheet, cash flow, headcount.

Operational highlights

Financial highlights

Revenue and direct margin trends · Q1'25 → Q1'26

Direct margin declined through CY25 from salary hikes (Americas/Europe Apr 25, India Jul 25) + delivery challenges. Productivity efforts, rate-card increases, automation, and addressing delivery issues lifted DM back above 50% in Q1'26 (50.2%). Further improvement expected with increased AI enablement in delivery.

Q1 CY26 P&L · monthly & cumulative

Amounts in $'000
  • Revenue underperforming plan; GAAP revenue $91.2M (Board fcst).
  • Direct margin down ~1pt vs budget on revenue mix; Q3'25 was 48.3% post salary hikes — Fx ~1.4% + margin initiatives lifted by 1.9pt.
  • Indirect costs overall lower than budget — focused cost management.
  • SG&A $1M lower than budget; YoY spend declining with optimization steps.
  • EBITDA margin 18.5%, $0.6M below budget; actual Fx EBITDA $17.4M.
Quarter
Click any BU below for the commentary
Selected BU

All BUs

Actual / Fcst
Budget
Variance
Prior period
Commentary

Pick a BU to see the commentary from the Mar-26 deck.

Full table — Q1 actuals vs budget

CY26 quarterly revenue forecast · $380M base case

CY26 Q2 revenue bridge · $93.5M mgmt outlook

Q2'26 management outlook is $93.5M, an increased ask of $0.5M in quarter vs forecast.

CY26 Financial Forecast Walk · Budget → Base → Upside

Notes: Base case = current run rate with some upside. EBITDA margin for Anthropic deals assumed conservatively at 40% this year. For additional EBITDA arising over and above Scenario 2 run rates, plan to increase EBITDA and AI investments proportionately.

Balance Sheet · Jan/Feb/Mar 2026

YTD Q1 cash flow

Working capital · DSO & DPO

Global headcount · Oct'25 → Mar'26

Section 04 · Dave Mankowski

AI Wins, Pipeline & Selling Patterns

Making the pivot real. What's working, what's repeatable, where to invest.

Big plays in motion

Path to $20M+

Step-function ACV expansions in flight

Morgan Stanley
Verizon
Hilton GV
BT
HCSC
JPMorganChase
Tyson
CVS

Bigger plays needed

$10M+ potential

Confident in growth, GTM motion needs sharpening

EAE
Fidelity
Centene
Cigna
7-Eleven
Marqeta
Subaru
AT&T

Big leads

Multiple 7-fig

New, high-quality opportunities

Thomson Reuters
Jackson
Genesys
Marriott
Kroger
eBay
Labcorp
T-Mobile

What's working · selling patterns we can repeat

BP Transformation (OKRs)
Lead with outcome trees and OKRs. Anchored Verizon, Morgan Stanley.
IPE Disruption / GCC Takeover
Take-out plays vs. Tier-1 Indian SI. Saleloft, HCSC, McKesson.
Splitting Atoms (AI Labs)
QR-coded micro-pitches with AI demo. Best Western, Circana.

Pipeline · ACV by archetype

Section 05 · Kelly Jessop

Strategic Positioning

Where Bounteous plays in the AI landscape. New brand, new narrative, where we win.

AI landscape · where we play

Four solution pillars, all underpinned by data & cloud.

AI-Enhanced Experience
Reimagine creative, content & journeys
Magenta · #D200B5
Agentic Business Reinvention
Process, ops & business-model rewires
Aqua · #2EEFEC
Intelligent Product Engineering
Modern SDLC accelerated by agents
Electric Blue · #34B4FF
Modern Business Platforms
Sales, service & marketing — agentic
Coral · #FF4759

Anthropic partnership · status

Claude Enterprise Rollout
Final terms · press release in 7-day window
  • Joint GTM in PE Portfolio + Agentic Engineering
  • AWS Play · Claude on Bedrock for client environments
  • Vibe Analytics (Databricks + Genie) co-launch
Internal + Client Rollout · 30/60/90 day plan
30 days
Foundation + narrative live
60 days
Adoption + offerings ramp
90 days
Productized · in-market
13 workstreams Chat · Cowork · Code AI Security Council Capability flywheel

New brand identity · launched May 2026

Brand positioning
Bounteous is an AI Services firm where agentic engineering and human experience converge to deliver business outcomes for the enterprise.
AI-first across everything Clear, structured AI offerings Differentiation from SIs Beyond agency perception Enterprise-grade, modern
Midnight
Indigo
Deep Violet
Purple Rain
Electric Blue
Magenta
Aqua
Coral
To be reviewed
← Back to Positioning
Section 05a · AI Practice · Program Plan

Claude Enterprise Rollout

30 / 60 / 90 Day Plan

Internal rollout and general client playbook — Chat, Cowork, and Code — mapped to a thirteen-workstream program framework plus the capability-to-offering flywheel. This page is accessed via Positioning → Claude Rollout.

Five strategic choices driving the plan

A balanced Chat / Cowork / Code rollout, mapped into the established program framework, with a thirteenth workstream for the capability-to-offering flywheel; activities sequenced across 30/60/90 against a dependency map.

All three Claude surfaces activated in parallel

Control Plane · Security (WS10) + Responsible AI (WS11)

AI Security Council co-owns the risk register

WS10 Security is the enforcement layer — can we do this safely? · WS11 Responsible AI is the policy, governance and ethics layer — should we, and under what rules? Together they represent the Control Plane for the overall program.

Phase 1 · Days 0–30

Ground the foundation, start the narrative

Phase 1 → Phase 2 gate · Day 30

Hard gates — must be true to enter Phase 2

Thirteen workstreams

[CP] Critical-path · [G→] Gates downstream · [←G] Gated upstream

Cross-workstream rituals

Five connective-tissue rituals — charter, cadence, owners established in Days 1–10 or downstream work loses its coordination mechanism.

Top-level risks to manage throughout

Seven cross-workstream risks that emerge from the dependency map. Each typically surfaces too late if not named explicitly in steering.

← Back to Positioning Source: Claude Enterprise Rollout — 30/60/90 Day Plan · Bounteous Confidential
Section 06 · 90 minutes · Marty · Hemant · Michael

Bounteous Arc

The agentic platform powering the pivot. Live agents, not slides.

Framework Maturity
Arc Platform
Modernization
Engineering Agents
Data
Data Engineering Agents
Enablement
Universal · Client 0
Trust
Security · Governance

Engineering Transformation

AI agents at every step of the SDLC. This is where we have the longest production runtime.

Plan
Spec · Story · Ambiguity
UI Design
Persona · Journey
Architecture
HLD · LLD · IaC
Develop
Code · API · Debug
Test
Strategy · Synthetic data
Deploy
Canary · Governance
Maintain
RCA · Auto-remediate
Live demo · Saleloft GCC takeout
Watch a story go from spec to PR in 7 minutes.
Production proof points
42%
SDLC time saved
3.1×
PR throughput
61%
Fewer defects
Section 07

M&A · Tuck-ins for 2026

CEO-led priority. Cartesian closed. Two tuck-ins in DD totaling $20M EBITDA.

Closed
Cartesian
Integrated. EBITDA accretive. Cross-sell pipeline opened in FS & Tech.
In DD · H1
Asset 1 · Data & Cloud
$20M / $4M annualized. Databricks + Snowflake muscle. Integration-light.
Sourced · H2
Asset 2 · Digital Eng.
App development scale play. AI overlay on existing book.

Trade-off matrix · what we'll accept, what's non-negotiable

Speed to value
Short-term accretion vs. long-term capability. Faster integration limits expansion; deeper capability delays value. Cartesian = capability over speed.
Price
Valuation vs. capability. Higher strategic value commands higher multiple. Infinitive type assets test our ceiling.
Geography
Strategic footprint vs. near-term synergy. Stand-alone international assets carry integration risk. Stellaxius type = footprint over synergy.
Section 08

Board Q&A · the seven we expect

Pre-empted answers. Each card links to the supporting section.

01 · Sales performance

What's working in AI sales — what have we learned?

Three repeatable archetypes (BP/OKRs, IPE Disrupter, AI Labs). 10+ new logos since December. ACVs smaller, but stack to 7-figure annuities. Mid-market sales motion needs sharpening.

02 · Growth lag

Why are growth rates lagging — and how are we adjusting?

Consumer is the structural drag (-10%). Other 60% of book is growing. Strategy: pivot Consumer to engineering + GCC, not defend annuity. AI accelerates the pivot.

03 · Outside help

Do we need consultants to accelerate GTM?

Selectively yes — for client demand mapping in Tech and Healthcare. Not for AI playbook design (we're ahead). Recommend: 60-day Bain or LEK engagement, narrow scope.

04 · Knowledge gap

Closing the NMC vs. Bounteous board knowledge gap on AI

This portal is the first step. Monthly 30-minute Arc walk-throughs for NMC partners. Joint client visits in Q2 (Verizon, McKesson).

05 · AI productivity

AI productivity contribution — adjusting the headcount model

Pre-AI: $185k/FTE. 2026 plan: $215k. 2027 target: $250k. Decoupling revenue from linear headcount expansion is the EBITDA lever.

06 · M&A direction

M&A strategy for the rest of 2026

Data engineering focus. Two tuck-ins, $20M EBITDA add. Asset 1 in DD — board endorsement requested today. Asset 2 H2.

07 · Organic leverage

Since we're not growing on the organic side — how do we leverage with limited disruption?

Three moves: (1) Top-20 account AI cross-sell — no new sales motion required. (2) Tier-1 SI take-out plays inside accounts we already serve. (3) Reposition Consumer accounts as engineering + GCC, not project-based.