Mon, Feb 01, 2021
Tech Mahindra continues to impress with margin expansion, strong FCF generation, healthy deal pipelines, and decent deal win TCVs. Constant currency (CC) revenue grew by 2.8% q-o-q, ahead of Sharekhan's estimates, led by 4.4% qoq growth in the communication segment. The enterprise segment grew by 2.3% q-o-q in CC terms in Q3 FY21. Reported US Dollar revenue grew by 3.4% qoq to $ 1308.7 mn.
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Mon, Jan 30, 2017
Vineet Nayyar, Vice Chairman of Tech Mahindra said, “The strong deal wins and business momentum during the quarter reaffirm that we are on the right track to capitalize on the opportunities from the global digital transformation and see measurable benefits from that."
Analysts at Kotak Institutional Equities said, “We expect cross currency (c/c) revenue growth of 3.8% and cross currency headwind of 120 basis points. Acquisitions (Target Group) will contribute incremental $6 million for the quarter; organic revenue growth stands at 3.2% in c/c.”
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