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DataQuest
|December 2022
Tech Mahindra expects to touch 1 billion revenue in 5G solutions alone in FY23
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This 36-year-old multi-national company has come a long way after its initial tie-up with British Telecom and the acquisition of Satyam Computer Services. Tech Mahindra has a foot in all the major industries like BFSI, retail and logistics, manufacturing, PSU, government, communications, media and entertainment, healthcare and life sciences, energy and utilities, private equity along with travel, transportation, and hospitality etc.
They provide services in AI, automation, Data Analytics, infrastructure and cloud, network, testing, integrated engineering, cybersecurity, Cx, Digital supply chain etc.
latest results: Tech Mahindra announced results for its quarter ending September 2022. Their revenue at $1.638b was up 0.3% QoQ and up 11.2% yoy. EBITDA stood at $246m, up 2.9% QoQ, down 9.0% yoy. PAT stood at 159m; up 11.2% QoQ and down 12.3% yoy. Total headcount at 163,912 was up 3.7% QoQ.
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