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Tag: Tech Mahindra

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Tech Mahindra reports 153% YoY growth in PAT at Rs. 1,250crores; interim dividend declared at Rs. 15 per share

Mumbai – October 21st, 2024. TechMahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries announced the audited consolidated financial results for its quarterended September 30th, 2024. Financial highlights for the quarter (USD)Revenue USD 1,589 mn; up1.9% QoQ, up 2.2% YoYRevenue grew by 0.7% QoQ, up by 1.2% YoY in constant currency termsEBITDA USD  209mn; up 11.3% QoQ,up 61.4% YoYEBITDA Margin 13.1%, up 110bps QoQ, up480bps YoYProfit after tax (PAT) USD 149mn; up 46.1% QoQ, up 150.7% YoYPAT Margin 9.4%, up 280 bps QoQ, up 560 bps YoYFree cash flow USD 157mnNew deal winsTCV USD 603mn  Financial highlights for the quarter (₹)Revenue ₹ 13,313crores; up2.4% QoQ, up3.5% YoYEBITDA ₹ 1,750crores; up 11.9% QoQ...
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Tech Mahindra Global Chess League to Host its Second Edition in London
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Tech Mahindra Global Chess League to Host its Second Edition in London

New Delhi, June 2024. The Global Chess League, a joint initiative between the International Chess Federation (FIDE) and Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, is set for a highly anticipated second edition in London. Following the success of the first edition, the league aims to unite the world's top chess players in one of the most historic cities. The 10-day, one-of-a-kind chess league featuring top players will take place at Friends House, located in the heart of central London, from October 3rd to 12th, 2024. Based on the feedback from fans worldwide, London was selected as the venue for this season to connect with the fast-growing fan base and enthusiasm for chess in the E...
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Tech Mahindra, Atento join hands to offer GenAI-powered services
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Tech Mahindra, Atento join hands to offer GenAI-powered services

New Delhi, April 30, 2024. IT company Tech Mahindra on Tuesday said it has partnered with Spain-based Atento to provide generative AI-powered solutions and services to global enterprises. Atento is a customer relationship management (CRM) and business transformation outsourcing (BTO) company in Latin America. “The partnership will deliver end-to-end business transformation solutions and services that leverageGenerative AI-powered technologies, as well as customer experience (CX) consulting for customers in the United States, Europe, the Middle East, and Africa and Latin American regions,” the company said in a statement. The partnership will provide a comprehensive suite of business process outsourcing (BPO) solutions and services in more than 50 languages, it added.
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Tech Mahindra Q4 net profit tanks 41 pc to Rs 661 cr
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Tech Mahindra Q4 net profit tanks 41 pc to Rs 661 cr

New Delhi, April 24, 2024.  IT services company Tech Mahindra on Thursday reported about 41 per cent year-on-year fall in its consolidated net profit to Rs 661 crore for the quarter ended March 2024. The net profit in the year-ago period was Rs 1,117.7 crore. For Q4FY24, the Tech Mahindra's revenue dropped by 6.2 per cent to Rs 12,871 crore.
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Tech Mahindra Q3’24Revenue at Rs 13,101 crores; up 1.8% QoQ
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Tech Mahindra Q3’24Revenue at Rs 13,101 crores; up 1.8% QoQ

Mumbai – January, 2024. Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarter ended December 31st, 2023. Financial highlights for the quarter (USD)Revenue at USD 1,573 mn; up 1.1% QoQ, down 5.7% YoY Revenue up by 1.1% QoQ, declined by 5.4% YoY in constant currency terms EBITDA at USD 138 mn; up 6.4% QoQ, down 47.1% YoY; Margin at 8.8%, up 40 bps QoQ Profit after tax (PAT) at USD 61 mn; up 3.0 % QoQ, down 61.0 % YoY Free cash flow at $ 228 mnFinancial highlights for the quarter (₹)Revenue at ₹ 13,101 crores; up 1.8% QoQ, down 4.6% YoY EBITDA at ₹ 1,146 crores; up 6.9% QoQ, down 46.5% YoY Consolidated PAT at ₹ 510 crores; up 3.4% QoQ, down 60.6% YoY Earn...
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Tech Mahindra appoints former Infosys veteran Richard Lobo as Chief People Officer
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Tech Mahindra appoints former Infosys veteran Richard Lobo as Chief People Officer

New Delhi, January 04, 2023. Tech Mahindra on Wednesday said Richard Lobo has been appointed as Chief People Officer of the company with effect from January 3, 2024. In a BSE filing, the tech giant further informed that Harshvardhan Soin, Chief People Officer, will assume the role of President - Asia Pacific and Japan with effect from January 3, 2024 and continue to be designated as Senior Management Personnel.
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Tech Mahindra launches sports cloud platform on AWS
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Tech Mahindra launches sports cloud platform on AWS

New Delhi, November 27, 2023. Tech Mahindra on Monday said it has collaborated with Amazon Web Services (AWS) to build a sports cloud platform for sporting enthusiasts worldwide. Tech Mahindra and AWS will offer a comprehensive digital platform to sports organizations, offering use cases related to content and community engagement, customer data management and audience segmentation, and sports analytics,
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Tech Mahindra Q2’24 Revenue Rs 12,864 crores
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Tech Mahindra Q2’24 Revenue Rs 12,864 crores

Mumbai, October 26 2023. Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarterended September 30th, 2023. Financial highlights for the quarter (USD)Financial highlights for the quarter (₹)₹ 12,864 crores; down 2.2% QoQ, down 2.0% YoY₹ 1,072 crores; down 19.9% QoQ, down 46.0% YoY₹ 494 crores; down 28.7% QoQ, down 61.6% YoYOther Highlights                                                            CP ...
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Tech Mahindra Q1’24Revenueup 3.5% YoY
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Tech Mahindra Q1’24Revenueup 3.5% YoY

Mumbai, July 2023. Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarter ended June 30th, 2023. Financial highlights for the quarter (USD)Revenue at USD 1,601 mn; down 4.0% QoQ, down 1.9% YoY Revenue reduced by 4.2% QoQ in constant currency terms EBITDA at USD 163 mn; down 33.7% QoQ, down 31.8% YoY; Margin at 10.2%, down 460bps QoQ Profit after tax (PAT) at USD 84 mn; down 38.0% QoQ, down 41.1% YoY Free cash flow at $ 106 mn, conversion to PAT at 126%Financial highlights for the quarter (₹)Revenue at ₹ 13,159 crores; down 4.1% QoQ, up 3.5% YoY EBITDA at ₹ 1,338 crores; down 33.8% QoQ, down 28.8% YoY Consolidated PAT at ₹ 693 crores; down 38.0% QoQ, dow...
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