Tech Mahindra Q4 Review - New Deal Total Contract Value Remains Healthy: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Tech Mahindra Ltd. reported weak numbers on the margins front. The company reported 4.9% QoQ growth in revenues at $1,608.1 million while growth in constant currency terms was at 5.4% QoQ. In rupee terms, revenue grew 5.8% QoQ to Rs 12,166 crore. For FY22, the company reported revenues of $5997.8 million, growth of 17.3%.The revenue growth was aided by communication, media and entertainment vertical, which grew 4.1% QoQ, banking, financial services and insurance came back strongly after furlough impact in Q3 and grew by 18.5% QoQ while technology vertical also reported strong growth of 16.1% QoQ. Retail, transport was laggard with decline of 6.2% QoQ. In terms of geographies, Americas reported growth of 3.6% QoQ. Growth in Europe was stellar at 8.6% QoQ while rest of world reported 3.6% QoQ growth.The company indicated that communication will continue to be the growth driver for Tech Mahindra, going ahead. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tech Mahindra Q4 Review - New Deal Total Contract Value Remains Healthy: ICICI Direct

Tech Mahindra Q4 Review - New Deal Total Contract Value Remains Healthy: ICICI Direct

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