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Tech Mahindra Profit Reduced By 39% In Last 12 Months | This Is What CEO Said.. - Trak.in - Indian Business of Tech, Mobile & Startups

Tech Mahindra Profit Reduced By 39% In Last 12 Months | This Is What CEO Said.. - Trak.in - Indian Business of Tech, Mobile & Startups
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tech mahindra: Will FY24 be a year of 2-3% growth or further decline for Tech Mahindra? Here's what the management says

Tech Mahindra s profit dropped 39% in Q1. While it has been a challenging quarter, CP Gurnani, MD & CEO, remains optimistic and said there are "four facts" that will create better solutions: people investments, technology investments, deep customer relationships, and investment in communication and AI. Incoming CEO Mohit Joshi said the service lines were world-beating and added they will be developing a plan to address the challenging economic environment. ....

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Tech Mahindra Q1 revenue falls 0.9% amid macroeconomic uncertainty

India-based multinational IT services giant Tech Mahindra Ltd. yesterday reported macroeconomic uncertainty weighed on earnings during its fiscal first quarter ended June 30. Revenue fell 0.9% year over year on a constant currency basis in the first quarter to USD 1.60 billion. The decrease was 1.9% on a reported basis. ....

Rohit Anand , Tech Mahindra Ltd , Daily Newsview All , Tech Mahindra ,

India's Tech Mahindra posts 39% drop in Q1 profit as clients cut spending

BENGALURU (Reuters) -India's Tech Mahindra on Wednesday posted a surprise 39% drop in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb spending. Indian information technology (IT) companies have seen clients tighten spending amid fears of a recession in key markets U.S and Europe, resulting in subdued results for the quarter and warnings of slower revenue growth for the year. India's top two IT firms, Tata Consultancy Services and Infosys have warned of an uncertain demand environment, with the latter halving its full year revenue growth outlook. ....

Nishit Navin , Rohit Anand , Tata Consultancy Services , Tech Mahindra , Financial Officer Rohit Anand , Indian Rupees , Revenue Growth , Macroeconomic Conditions , Tata Consultancy Services ,

Mahindra: Tech Mahindra reports disappointing Q1 numbers; net profit falls 38% to Rs 692.5 crore

India Business News: MUMBAI: The country's fifth largest IT services company Tech Mahindra on Wednesday reported a 38 per cent fall in June quarter net profit at Rs 692. ....

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