Tech Mahindra - Strong Deal Momentum To Drive Revenues: ICICI Direct

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..ICICI Direct Report.Tech Mahindra Ltd. is rapidly building up scale and momentum through its focus on large deals. The company won $3 billion of net new deal wins in last twelve months.The company's top four verticals viz. communications media and entertainment (telecom), banking financial services and insurance, technology and manufacturing, which contributes 85% plus revenues, growing at double digits consistently on a YoY basis. The company has been focusing on margin improvement as Ebit margins have improved 260 basis points in FY21 versus FY20. Tech Mahindra also indicated that margin trajectory would continue to improve, going forward on elevated freshers hiring, efforts mix towards offshoring, yield management, portfolio synergy. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Tech Mahindra - Strong Deal Momentum To Drive Revenues: ICICI Direct