Tech Mahindra to show up a great perfprmance in third quarter of financial year 2019, marked by significant revenue growth, better improvement in operating margin a relatively slow order inflows. The management description was positive and the stock offers value in an uncertain market.
Key positives Revenue in reported currency at $1,260.8 million exhibited year-on-year (YoY) and sequential growth of 4.3 and 3.5 percent, respectively.
The BPO business continued its strong performance, growing 22 percent YoY and 13 percent QoQ. The company has been steadily adding employees in this business, which stands testimony to its growth outlook.
- Digital continues to be at the heart of this growth journey, surging 10 percent sequentially and constituting 33 percent of revenue.