Tech Mahindra reported strong earnings beat in Q1FY22 and clocked in highest ever quarterly revenue and profits in a seasonally weak June quarter. It posted revenue growth of 3.9% QoQ in constant currency terms (CC terms) with communication vertical growing at 2.9% QoQ in CC and enterprise vertical up 4.5% QOQ in CC. EBIT margin came in at 15.2% versus 16.5% in the last quarter, the decline was lower than expectations. $ revenue stood at USD 1384mn (up 4.1% QoQ) and profits stood at Rs 1353 crore (up 25.1% QoQ). CP Gurnani, MD & CEO, Tech Mahindra and Milind Kulkarni, CFO, decodes the numbers on The Market. Watch.
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