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28-Apr-2023

Tech Mahindra

Tech Mahindra to double investments in up skilling and in practising markets


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Tech Mahindra hosted a conference call on April 27,2023. In the conference call the company was represented by Mr C P Gurnani-CEO and Mr RohitAnand–CFO.

Key takeaways of the call

FY2023 was yet another year of double digit revenue growth. Large deal win stood at around US $ 2.9 billion.

The company’s Communication, Media and Entertainment (CM&E) despite challenges has continued to grow for the last 12 quarters in a row. On the Enterprise side, the company has touched a billion dollar quarterly run rate. This is on account of the technology investments and up-skilling investment which the company has made on quantum computing, Meta, on block-chain, cloud and customer experience management which are yielding good results.

Full Year FY2023:

Revenues for FY2023 grew by 13.7% YoY in Constant curren...



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