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Tech Mahindra Q2 Results: Sequentially, net profit rose by 46.81 per cent and revenue by 2.36 per cent.
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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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