India's fifth largest software exporter Tech Mahindra is continuing to be bullish in the growth markets of Indonesia and the Philippines.
The company has announced its consolidated financial results for its first quarter ended 30 June 2011, according to which it experienced an exponential growth in its business service group (BSG) /business process outsourcing (BPO) presence in the Philippines.
The strong growth in the Philippines has strengthened Tech Mahindra's engagement with key clients in the region.
The software exporter is delivering its services to one of the region's largest telecom providers and has devised a four-point strategy for the regional growth.
Tech Mahindra aims to supersize the megadeal to ensure future business growth and sustain and maintain the mid-size accounts by offering more bundled services in collaboration with Mahindra Satyam.
Also, the company will use a joint go-to-market approach to improve cross-selling and up-selling offers.
High potential market
Tech Mahindra has to its credit many lucrative contracts in the Asia Pacific including a deal by an established Indian telecom operator for providing customer support to its subscribers.
This Indian operator is leveraging Tech Mahindra's proven methodologies to improve customer experience and realise operational efficiencies.
Tech Mahindra leads the US$5.35 billion Indian telecom software services market in 2010-11, according to the survey conducted by an Indian communications magazine Voice & Data.
"Asia Pacific has continued to demonstrate its high potential for Tech Mahindra's business in this quarter too. Our focus on mature markets including Australia is yielding results through the annuity business and we expect that to shore up our revenue in the coming quarters," said Raghuvir Ramanadhan, vice president, Asia Pacific Sales.
"We continue to be bullish in the growth markets of Indonesia and the Philippines, where we have significant investments and have been successful in expanding our presence. Our participation in key marquee government initiatives in the region is expected to open up new markets in the value added services and enterprise mobility arena in the coming quarters."
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