Tech Mahindra Q2 net up 26% YoY to Rs 1,339 cr, down slightly sequentially

Elvera Bartels

Tech Mahindra, a top rated-5 IT expert services supplier, documented a solid set of numbers in the 2nd quarter of FY22, as progress was driven by adoption of 5G, cloud and digital transformation.

The organization documented internet income at Rs one,339 crore up 25.eight for each cent, but down one.one for each cent sequentially. Profits had been impacted by larger tax rates in other geographies. The income for the quarter grew 16.one for each cent year-on-year at Rs ten,881 crore. Earnings was up six.seven for each cent sequentially.

In greenback phrases the organization documented income progress of six.four for each cent Q0Q at $one.47 billion, up seven.two for each cent in constant currency. The TCV for the quarter arrived in at $750 million. Of this, $455 million specials had been signed in the communications, media and entertainment (CME) section and $495 million arrived from enterprises. Running margins for the quarter

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