Tech Mahindra on Tuesday reported a 17.2 per cent QoQ rise in its consolidated net profit at Rs 1,124 crore for September quarter of the fiscal year 2020 (Q2FY20). On YoY basis, the numbers grew 5.6 per cent.
Revenue for the quarter came in at Rs 9,070 crore, up 5 per cent YoY and 4.8 per cent on QoQ basis.
Earnings per share (EPS) for the quarter came in at Rs 12.88.
“We are thankful to our customers for believing in our capabilities despite a tough demand environment. Our consistent large deal wine is a testimony of our differentiation in the marketplace. We are confident of our growth outlook for both Communications and Enterprise businesses. ‘Digital’ continues to be a strong growth driver, as we help our customers in their transformation journey," said CP Gumani, Managing Director & Chief Executive Officer.
In constant currency terms, revenue grew 4.1 per cent while revenue in US dollar terms increased 3.2 per cent QoQ to U$1,287.2 million.
Further, the company said the deal wins in Q2 was at a record high of nearly $1.49 billion. During the period, Tech Mahindra signed a muiti-year agreement with AT&T to expand strategic collaboration accelerating AT&T’s IT Network Transformation, shared services modernization and movement to the cloud.
Total headcount during the quarter stood at 131,522, up 5,749 QoQ.
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