Redeye comments on Truecaller ahead of its Q2 results, which are due on 18 July. We expect another solid quarter in terms of top-line growth, with improved margins from Q1, which were dampened by higher costs related to the incentive program and marketing campaigns. However, we have trimmed our sales estimates ahead of the report, as the Indian rupee has continued to weaken throughout the quarter, especially impacting ads and Truecaller for Business revenues.

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