Tech Mahindra posted net profit at Rs 643.4 crore for the second quarter
However, healthy revenue momentum and easy stock valuation are key positives
The company said it is exploring the idea of setting up of a BPO centre in Jharkhand
In its Comms 3.0 plan, company has created a three-pronged strategy--Run better, Change faster and Grow greater
Interview with MD & CEO, Tech Mahindra
Revenue rose 10% to Rs 6,921 crore, compared with the corresponding quarter last year
Firm sees short-term impact from Brexit ; Street will watch for a sustainable uptick in margins
Company had posted net profit of Rs 622.44 crore in the same period a year ago
Tech Mahindra has embraced the future with its focus on digital and sees this as an important strategic move
The IT company has selected as Nevada's prime system intregator in the five-year contract
The board has approved the proposal to acquire Target TOPCO Ltd, a UK-based entity
Acquisition strengthens BFSI portfolio
The software exporter had posted a net profit of Rs 472 crore in the corresponding quarter in the previous financial year
The stock rallied 14% to Rs 548 on the BSE in early morning trade.
Company's revenue grew 13% to Rs 6,884 crore in the reported quarter
Sets up development centre in Toulose for existing partner and aerospace customers
The pact was signed between Shyam Sundar Pattnaik, vice chancellor, BPUT and BK Mishra, Global Delivery Head of Tech Mahindra