Tech Mahindra Q3 Results

In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million.

Emkay Global Financial Services has built in a 3.1 per cent QoQ CC revenue growth with nearly 60 bps cross-currency tailwinds leading to a 3.7 per cent QoQ US dollar growth.

The company's consolidated revenue from operations increased 15 per cent to Rs 8,944 crore, against Rs 7,776 crore in the year-ago quarter

Tech Mahindra joined larger peers in reporting better than expected performance for the quarter ended December 2017. The company reported 2.5 per cent sequential growth in dollar revenue to $1.2 billion. In addition to business growth, cross-currency tailwinds boosted the top line. The growth was led largely by the enterprise segment which grew 4.2 per cent and the North American region, 47 per cent of revenue and which grew 6.2 per cent. Within the enterprise segment, technology, media and entertainment was the outlier, with growth of 12.9 per cent. The business process outsourcing segment also saw good growth of 20 per cent, with better execution, leveraging of technology and automation. Its largest vertical, telecom, 45 per cent of revenue, continued to lag overall company growth, with improvement of only 0.4 per cent. In fact, growth in the past eight quarters on a cumulative basis has been a negative 0.5 per cent. Revenue from the segment has been stagnant in a narrow band of ...

The firm had registered a net profit of Rs 8.56 billion in the corresponding quarter of the last fiscal, Tech Mahindra said in a statement