The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao
While the other IT counters are witnessing volatile swings or reeling under pressure, Tech Mahindra is comfortably holding above the support zone of multiple moving averages on the daily chart
In the near term, profitability is expected to be under pressure before recovering in FY21
ITC, Nifty, Indian Oil, Tech Mahindra
Update on the 5G rollout, commentary on large deal wins, growth in communication and enterprise verticals, attrition trend and outlook on Ebit margin are the key things to watch out for in the results
The company's revenue for the quarter stood at Rs 8,892.3 crore
The Mumbai-based company saw its consolidated revenue from operations increasing 10.4% to Rs 8,892.3 crore as against Rs 8,054.5 crore in the year-ago quarter
A strong digital growth and new deals, however, helped it clock 5.6 per cent YoY growth in profit after tax (PAT) to Rs 1,124 crore
The Mumbai-based company had registered a net profit of Rs 1,064.3 crore in the July-September 2018 quarter, Tech Mahindra said in a statement
Company enters into an agreement with Idco to start operations for its proposed BPO, and an MoU with BPUT and CET for a centre of excellence in artificial intelligence and machine learning
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
With this deal, TechM will assume management of many of the applications which support AT&T's network and shared systems.
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Together, AT&T and TechM aim to improve the agility in rolling out and supporting networks of the future, while improving returns on investment through technology-led transformation
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the $185-190 billion global services sourcing business in 2017-18
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
Ebitda was impacted by 100 bps each due to mobility slowdown as well as wage hikes
It can respond to queries with text display along with speech and can address general HR-related employee queries as well as handle personal requests for actions like providing payslip, tax forms, etc
No financial details of the partnership were disclosed