Tech Mahindra Q3 revenue up 19% at Rs 1,445 crore

By Telecom Lead Team: Tech Mahindra has reported 19 percent
increase in Q3 y-o-y revenue at Rs 1,445 crore.

 

The company’s net profit stood at Rs 276 crore, increased by
14.8 percent in the third-quarter.

 

During the quarter, revenue from Telecom Service Provider
totaled Rs 1,135 crore, up by 7 percent from Rs 1,056 crore in the prior year
quarter.

 

Revenue from ‘Telecom Equipment Manufacturer’ surged by 82
percent to Rs 106 crore from Rs 58 crore in the year-ago quarter.

 

During the quarter, it added two new active clients, taking
the total customer count to 130.
We have had a satisfactory quarter, with growth in both revenue and margins.
This is a result of our investments in growth markets, and in emerging
technologies. We continue to focus on delivering enhanced value to our
customers in an uncertain economic environment,” said Vineet Nayyar, vice
chairman, MD and CEO of Tech Mahindra.
At the end of the quarter total headcount of the company stood at 42,746 which
comprise 25,218 software professionals, 16,419 BPO personnel and
1,109 support staff.

During the quarter, Tech Mahindra was appointed by a major media company in
Latin America to provide maintenance and support to the client’s legacy
applications in telecom billing domain.

Furthermore, it was chosen by a telecom service provider in
Europe on a multiyear contract for implementation of BI services and also
executes a multiyear managed services engagement.

 

The company said that it won a strategic multiyear contract
as a system integration partner for one of the largest cable operator in
Benelux region.

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