Page 15 - Tech Mahindra

Tech Mahindra Q4 net profit doubles to Rs 12.22 billion

Dollar revenue for the quarter grew 10% y-o-y to $1.24 billion and profit of $188 million, up 18% quarter-on-quarter

Tech Mahindra on growth path, is pushing the non-linearity drive

IP-led revenues have continued to positively impact its operating profit margins

Tech Mahindra to invest $79 mn in Canada on AI, blockchain technologies

IT services provider Tech Mahindra will invest CAD 100 million in Canada over the next five years to establish a center of excellence which will work on major technologies such as artificial intelligence (AI) and Blockchain application.These two technologies are driving innovation across industries, especially in the 'Fintech' and 'smart cities' spaces. Tech Mahindra said its expanded Canadian presence will help foster stronger connections with the Canadian innovation ecosystem, both in the business community and in academia. The center of excellence will be based out of Toronto and it will focus on jointly developing cutting-edge business solutions in digital technologies in collaboration with the leading academic institutes, innovators and accelerators in the start-up ecosystem like the Vector Institute.Speaking on the partnership, Navdeep Bains ,Minister of Innovation, Science & Economic Development of Canada said, "We are committed to supporting new well-paying Canadian jobs ..

See 2019 as glass half-full; there are many new opportunities: C P Gurnani

On the back of global recovery, there are many new opportunities to explore, especially in the digital space: CEO & MD of Tech Mahindra

Our upskilling programme will cover 80% of staff by year-end: Gurnani, Bhat

"There is no pattern here. Our focus is on digital technologies and change. There are different levels of readiness from different markets towards such change"

Tech Mahindra to pick up 17.5% stake in Altiostar for $15 mn in cash

Altiostar, was founded in 2011 and has close to 220 employees

Tech Mahindra buys 22.14% stake in Comviva from Bharti Group for Rs 227 cr

Post this, Tech Mahindra will hold 99.17% stake in CTL

Tech Mahindra developing blockchain tech solution for vehicle registration

Under this technology, the dealer can issue a registration certificate and number for a vehicle

Tech Mahindra hits 52-week high

The stock hit a 52-week high of Rs 517 on the BSE in intra-day trade, rallied 33% in past five months against 3% rise in S&P BSE Sensex.

Tech Mahindra hopes to touch $5 billion in revenues in FY18

The company's revenues during the last fiscal were $4,351.1 million, up 7.8 per cent year-on year.

Tech Mahindra to train additional 10,000 employees on automation in 2017

At the end of September 2017 quarter, Tech Mahindra had a total headcount of 1,17,225 people

Tech Mahindra Q2 net profit up 30% to Rs 836 cr

The IT firm cash and cash equivalents stood at Rs 5,961 cr as of September 2017

Tech Mahindra hires 100 Americans at suburban Atlanta office

Mid-tier IT services company Tech Mahindra said it has hired more than 100 local employees at its Alpharetta office in suburban Atlanta to staff a project from a US-based company. Tech Mahindra joins larger peers such as Infosys, Wipro in ramping up local hiring in the largest software export market in the US. The company said it is one of the attempts to make Atlanta one of the largest offices in North America. Tech Mahindra is also engaging with startups in Atlanta and focusing on co-innovation or development of joint go-to-market products with the local startups especially in next generation technologies, solutions and platforms. With these 100 Americans joining the company, the company's total headcount at Alpharetta's office will become 600. The company said in a statement that it employs more than 2000 U S citizens across 19 states different locations and "actively recruiting from leading universities across North America". "We are proud of Tech Mahindra and its success here .

We'll do better if we ride the right changes, says Tech Mahindra CTO

Atul Kunwar, president and chief technology officer of Tech Mahindra believes that the emerging changes in technology services sphere would benefit IT companies immensely if they are able to ride on the right changes. He explains B Dasararth Reddy as to how Tech Mahindra has been gearing up to tap the new opportunities while handling the underling challenges.Excerpts of the interview: Question: Our ability to entrust more complex functions to machines has brought a paradigm change in enterprise management and business solutions. How Tech Mahindra positioned itself to handle these new technology scenarios? Answer: As newer, more complex tasks need to be done you need to have the skills to programme those devices and machines because on their own they are of no consequences. This becomes especially important when new sources coming in like AI, IoT as they add new dimensions. It's almost like a nonliving becoming a living. There are skills that are evolving around .

Tech Mahindra accepts senior workers' pay cut offer

It would be a temporary measure for a few quarters, say sources

Tech Mahindra re-appoints Gurnani as MD and CEO for 5 years

C. P Gurnani was Tuesday re-appointed as the Managing Director & CEO of Tech Mahindra for a period of five years.

Tech Mahindra gains 7% post Q1 results

Thus far in 2017, the stock was down 21% against 22% rise in Sensex till Monday.

Our business is doing well in the US, says Tech Mahindra vice chairman

Tech Mahindra beat street estimates as it improved margins by cutting costs and focusing on efficiency. At the same time, the fifth largest IT services firm has been pushing for more digital deals, which now contributes to over 22 percent of its revenues, says Vineet Nayyar, Vice Chairman, Tech Mahindra in an interview:Edited Excerpts:Your revenue from top 5 clients has been going down over the past few quarters. Is that intended?As we expand, revenue from top clients comes down. That's a consequence of growth. It is also partly affected by the fact that digital businesses have a smaller size. How is your onsite ratio going to be affected by the increased hiring abroad? Onsite ratio will not be affected by hiring in the US. Instead of people from India going there we will just hire more people there. There won't be a significant difference. BFSI has managed to remain steady compared to your peers. Also how has digital business fared?Banking Financial Services and Insurance (BFSI) ...

Tech Mahindra Q1 net rises 7% to Rs 792 cr

Total revenue rose about 8% to Rs 7,747 cr

Sound clip of Tech Mahindra HR firing employee over call goes viral online

In sound clip, Tech Mahindra HR heard blaming management for abrupt firing of employee