Tech Mahindra today reported a 59% increase in consolidated net profit at Rs 169.9 crore for the quarter ended June 30, 2007 when compared with Rs 106.6 crore in Q1FY07. Revenue moved up to Rs 876.3 crore in Q1FY08 from Rs 587.1 crore in Q1FY07.Anand Mahindra, chairman, Tech Mahindra said: "Tech Mahindra continues to maintain its dominance in the telecom sphere. Tech Mahindra's ability to leverage its domain expertise has helped it to show satisfactory results."Vineet Nayyar, vice chairman & managing directo, Tech Mahindra said: "Tech Mahindra has witnessed a good quarter thanks to a rapid progress in ramping up its existing customer base and in leveraging its global delivery model to achieve success. We are confident that this trend will set the pace for the coming year."
