Tech Mahindra532755Information technology services
Tech Mahindra reported a good quarter ahead of estimates, with CEO Mohit Joshi highlighting growth focus and margin commitment
By ScoutQuest · · 1 min read
- Margin commitment for the year
- 15 percent
Heard on business television between 14:41:21 - 14:44:21 IST.
- Tech Mahindra's Q2 results came in ahead of estimates, with headline numbers better than street expectations
- CEO Mohit Joshi said the company grew double or triple the industry average in the most recent quarter
- Joshi said focus has pivoted to growth while maintaining a commitment to deliver 15 percent margin for the year
- Growth has been almost completely organic so far, with inorganic opportunities to be considered if attractive
- A couple of deals could not be signed in the reported quarter and are expected to move to Q3, supporting bookings that quarter
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