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, Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators. Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by 34,000 professionals. 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

•Revenue at USD 258.6 mn; up 22.3% YoY & 1.9% sequentially
•Revenue on constant currency basis, up 14.3% YoY & 3.7% sequentially
•Operating Profit at USD 61.1 mn; up 7.4% YoY & 1.4% sequentially
•PAT at USD 49.9 mn; up 8.3% YoY & 33.1% sequentially

Salient points for the Quarter

•Revenue from emerging markets grew by 85% YoY while Americas and Europe region grew by 12% and 3% respectively.
•Successful rollouts of IT system for two new Greenfield telecom operators during the quarter.
•Revenue from BPO business grew 27% YoY.
•Total Headcount grew from 24,972 in Mar 09 to 33,524 in Mar 10.

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