Page 41 - SAMENA Trends - August 2019

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Tech Mahindra Q1’20 PAT Up 6.8% YoY, Revenue Up 4.6% YoY

Tech Mahindra Ltd., a specialist in digital across Enterprise and Communications. application portfolio transformation
transformation, consulting and business We remain optimistic on the demand across various business units and
reengineering services announced the environment, evident from a very strong technologies.
audited consolidated financial results for pipeline and deal conversions. Digital will • Selected by Indian Navy to create an
its first quarter ended June 30, 2019. continue to be a primary growth driver RFID-based secured digital access
Financial highlights for the quarter (₹) underscoring our collaborative approach control system.
• Revenue at ₹ 8,653 crore; up 4.6% YoY through TechMNxt platform.” Manoj Bhat, • Engaged by a leading aviation
• EBITDA at ₹ 1,314 crore; down 3.2% Chief Financial Officer, Tech Mahindra engine manufacturer for improving
YoY; said, “Business seasonality has affected their manufacturing and supply
• Margins at 15.2%; down 120 bps YoY revenue and margins this quarter. Our chain processes leveraging artificial
• Profit after tax (PAT) at ₹ 959 crore; up focus on automation and AI will help intelligence.
6.8% YoY realize operational efficiencies as we look • Tech Mahindra has won a deal with
• Earnings per share (EPS) was at ₹ 10.98 to accelerate growth through the year.” Baltic telecom operator for their digital
for the quarter ended June 30, 2019 Key Wins: application transformation program.
• Free Cash flow for the quarter stood at • Engaged by one of the Canadian • Chosen by an APAC based Insurance
₹ 598 crore multinational mass media firm to and Banking major to support and
• Cash conversion to PAT at 62.3% modernize and transform their next maintain the data ecosystem across
Financial highlights for the quarter (USD) generation network infrastructure. business units, leveraging TechM’s
• Revenue at USD 1,247.1 mn; up 1.9% • Selected by one of the fastest growing analytics platform solutions.
YoY wireless provider in Mexico for driving • Selected by a leading cognitive
• Revenue growth at 3.7% in constant enhanced customer experience. solutions and cloud platform company
currency terms • Selected by a Japanese ICT Provider as the infrastructure managed services
• Digital revenues grew 37.4% YoY, at 36% company for migration of SAP ECC to partner for their cloud platform as well
of Revenues S4Hana. as for build-up and deployment of
• EBITDA at USD 190.0 mn; down 4.8% • Signed a deal with a leading water power infrastructure.
YoY treatment manufacturer to assist in Business Highlights:
• Consolidated PAT at USD 138.7 mn, up their digital transformation journey Tech Mahindra and Prometeia collaborate
5.2% YoY through modernization of infra, apps & to provide governance, risk and compliance
Other Highlights security. services to banks helping them respond
Total headcount at 125,773; up 4,691 QoQ • Engaged by a leading Telecom Operator effectively to the evolution of business and
CP Gurnani, Managing Director & Chief to provide end to end customer investment strategies in dynamic market
Executive Officer, Tech Mahindra said, experience transformation. scenarios in line with Basel III framework.
“We are very encouraged to see TCV deal • Tech Mahindra has won a deal with a Tech Mahindra and K2View enter into
wins worth close to half a billion USD health insurance organization to provide a strategic global alliance to accelerate

41 AUGUST 2019