Tech Mahindra is a leading provider of solutions and services to the telecommunications industry,majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc. With total revenues of INR 46,254 million in the year ended March 31,2010, Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators. Tech Mahindra solutions enable clients to maximize returns on IT investment through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off-shoring. Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by 35,000 professionals who provide a unique blend of culture, domain expertise and indepth technology skill-sets. Its development centres are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada & Australia.
Key Highlights:
Highlights for the Quarter (INR)
•Revenue at INR 11,337 mn; up 1.9% YoY
•Operating Profit at INR 2,126 mn; down 24.2% YoY
•PAT at INR 1,443 mn; up 9.6% YoY
•Added 1,743 personnel during the quarter, taking the headcount to 35,267
•Added 4 new clients during the quarter
•Forays into Latin American markets with it's first win
Highlights for the Quarter (USD)
•Revenue at USD 251.1 mn; up 10.3% YoY
•Revenue on constant currency basis, up 11.0% YoY
•Operating Profit at USD 46.4 mn; down 20.0% YoY
•PAT at USD 31.4 mn; up 16.0% YoY