Tech Mahindra posts 14% increase in revenue in Q1

Tech Mahindra has posted 14 percent y-o-y increase in
revenue at INR 1292.5 crore for the first quarter ended June 30, 2011.

Profit grew by 91.6 percent to INR 276.5 crore during
the first quarter of FY 2012. Operating profit (EBIDTA) was INR 241.7 crore, up
13.7  percent y-o-y.

TechMahindra’s total headcount stands at 42,850.
Software professional headcount stood at 27,920, BPO at 13,804 and support
staff at 1,126.

The company added 4,517 personnel during the quarter,
of which 2,793 were in BPO.

We continue to build our business portfolio at a
measured pace, despite low discretionary spend in the telecom vertical. This
has been enabled by our diversification into new geographies and customers,”
said Anand Mahindra, chairman, Tech Mahindra.


Tech Mahindra has inaugurated its Innovation Center
for Mobility Solutions in Toronto. The Toronto Innovation Center will initially
provide device certification services to Canadian wireless operators and
further expand its services to provide enterprise mobility solutions on current
and next generation mobile devices for the benefit of North American customers
in general and Canadian carriers specifically.

Tech Mahindra has declared Nigeria as the headquarters
for its BPO operations in Africa ; and commenced operations in Gabon.

The company was selected by Microsoft to setup an
authorized Encoder Conformance Testing Lab (ECT Lab) for video encoders used in
deployment of IPTV solutions on Microsoft Media room based platforms.

We have aligned ourselves with changing customer
priorities and needs, which has helped us navigate in these volatile times. Our
continued focus on core competencies has enabled us to show sustained growth
across our key clients and geographies. The changing macro economic conditions
could pose new challenges which we are closely monitoring,” said Vineet Nayyar,
vice chairman, MD and CEO of Tech Mahindra.

Tech Mahindra engaged with one of the leading telecom
operator in Europe for developing Integrated Network Capacity Management (ICM)

The company was selected by a telecom operator in
Europe as the preferred supplier for its data migration program which
will help transform its IT estate, and reduce total cost of ownership.

Tech Mahindra has been chosen by an Indian telecom
operator to provide customer support to its subscribers. With its proven
methodologies, Tech Mahindra will enable the operator to enhanced customer
experience and realize operational efficiencies.

It was selected by a leading Telecom Equipment
Manufacturer (TEM) in Europe for a performing test and validation activity, for
its provisioning platform.

By Team
[email protected]