IT major Tech Mahindra on Tuesaday reported Q4 profit at Rs 1,132.5 crore. The company had reported a profit of Rs 1,222 crore in the corresponding period last year.
The revenue for the quarter came in at Rs 8,892.3 crore, while the EBIT margin came in at 15.4%.
For the recently concluded quarter, analysts at IDBI Capital had forecasted CC revenue growth of 1 per cent on QoQ (quarter-on-quarter) basis, driven by a 2.5 per cent QoQ growth in the communications vertical.
"Given the strong growth of 4.2 per cent QoQ in Q3FY19 and seasonal weakness in Healthcare vertical, we forecast the Enterprise business to be flat QoQ. We factor in cross-currency tailwind of nearly 50 basis points (bps)," they had said in a result preview note.
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