Tech Mahindra Q1 profit rises 6.8% to ₹959 crore
NEW DELHI: IT company Tech Mahindra Ltd posted a 6.8% increase in net profit to ₹959.3 crore for the first quarter of FY20, compared to ₹897.9 crore in the same quarter of last year. Total income of Tech Mahindra increased by 7.2% to ₹8,994.3 crore during the reported quarter from ₹8,387.7 crore in the corresponding quarter of FY19. “We are very encouraged to see TCV deal wins worth close to half a billion dollars across Enterprise and Communications. We remain optimistic on the demand environment, evident from a very strong pipeline and deal conversions,” Tech Mahindra managing director and CEO, CP Gurnani said.