BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Tech Mahindra Ltd. reported strong Q3 FY22 numbers. The company's revenues grew by 4.1% QoQ mainly led by 6.2% QoQ growth in communication services and 2.7% QoQ led by enterprise segment.
Going forward, we expect Tech Mahindra's communication segment to improve led by traction in 5G, network modernisation and software transformation. In addition, in enterprise segment we expect banking, financial services and insurance and hi-tech to bounce back in coming quarters led by traction in digital technologies.
This coupled with healthy client mining, consistent deal wins and headcount addition (of freshers and lateral) will lead to 15% compound annual growth rate revenue growth over FY21-24E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
