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
Revenue from ‘Telecom Equipment Manufacturer’ surged by 82
percent to Rs 106 crore from Rs 58 crore in the year-ago quarter.
the total customer count to 130.
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.
comprise 25,218 software professionals, 16,419 BPO personnel and
1,109 support staff.
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