Tech Mahindra revenue analysis for Q3

Tech Mahindra India
IT services company Tech Mahindra has posted revenue of $1,209.1 million (+8.3 percent), EBITDA of $197 million and profit of $147 million (+16.5 percent) in the third quarter of fiscal 2018.

Vineet Nayyar, vice chairman of Tech Mahindra, said: “Our focus on digital transformation, continuous reskilling of our workforce to meet the future demands of our market space is showing encouraging results.”

CP Gurnani, CEO and MD of Tech Mahindra, said: “Our commitment to digitization, automation, verticalization, innovation and disruption strategy has yielded marquee deals in the digital space.”

US was the key driver registering quarter on quarter growth of 6.2 percent. During the quarter, the technology outsourcing company added 2 clients in the $50 million+.

Technology, Media and Entertainment posted quarter on quarter growth of 12.9 percent. Tech Mahindra said communication, which constitutes 43.7 percent of sales, posted a growth of 4.7 percent.

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