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Tech Mahindra reports 15 percent year-over-year growth in revenue

Nurdianah Md Nur | Oct. 30, 2014
The positive results is due to the increasing customers’ interest in digital enablement.

Tech Mahindra announced that its revenue for the second quarter (Q2) ended 30 September 2014 stood at Rs 5,488 crore, an increase of 15 percent as compared to the same period last year.

The Indian IT solutions and services provider also reported that its net profit after tax for Q2 to be at Rs 720 crore, up 14.1 percent quarter-on-quarter.

CP Gurnani, Tech Mahindra's MD and CEO, attributed the growth to the increasing customers' interest in digital enablement.

For instance, a fortune 25 conglomerate has selected Tech Mahindra to work in the area of business intelligence (BI) and risk and liquidity application support. Under the agreement, Tech Mahindra will consolidate support services and improve the client's performance issues in BI and data support services.


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