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Tech Mahindra reports increased revenue growth

Nurdianah Md Nur | Feb. 7, 2014
The Indian IT solutions vendor’s global revenue soared 17.2 percent year-on-year to US$791 million, with rest of the world (RoW) region contributing 22 percent to that.

Tech Mahindra has reported positive results for the third quarter ended 31 December 2013.

According to the Indian IT solutions vendor, its global revenue soared 17.2 percent year-on-year to US$791 million, with rest of the world (RoW) region contributing 22 percent to that.

The revenue increase for RoW was said to have been driven by growth in key verticals including telecom, manufacturing, banking and financial services. Tech Mahindra said that new banking clients in Vietnam as well as enterprise transformation clients in Indonesia contributed to the increased revenue in the region. China and Japan, on the other hand, drove Tech Mahindra's growth via their strong demand for auto-related engineering services including mechanical engineering design, embedded solutions and design testing.

Rohit Gandhi, head of Asia Pacific, India, Middle East and Africa of Tech Mahindra, said that "the RoW region will continue to be an important pillar for the company's growth." Moving forward, the company will focus on growing its business through "strategic local partnerships."

He added that the company will focus on "platform-based offerings, sub-verticalisation offerings such as super annuation fund administration, wealth management and mining" in future. 

 

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