Hindustan Times (Delhi)

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.

Newspapers in English

Newspapers from India