Who Is This Quarterly Update For? NelsonHall’s Quarterly Update on Tech Mahindra provides a snapshot ofdevelopments at the company in the last quarter. It accompaniesNelsonHall’s more comprehensive Key Vendor Assessment program.Both programs are designed for:
Marketing, sales and business managers developing strategies totarget service opportunities within the BPO/IT Services markets Sourcing managers monitoring the capabilities of existing suppliers ofIT and BPO services and identifying vendor suitability for theseservices Consultants advising clients on vendor selection Vendor marketing, sales and business managers looking tobenchmark themselves against their peers Financial analysts and investors specializing in the BPO/IT servicessector.HighlightsQ1 FY17 results:
Low single digit revenue growth; by geography the Americas (49% ofglobal revenues) remains the primary revenue engine Margins were down both y/y and sequentially Cash & cash equivalents up.Tech Mahindra continues to invest in inorganic growth to reduce ITSdependence on telecoms sector and broaden its portfolio: in Q1 itannounced two intended acquisitions in the U.K., both of which areexpected to close in Q2.Margins are, for a variety of reasons, likely to continue to be underpressure in the near term, but mid-term Tech Mahindra is diversifying itsbusiness.
Scope of the Report The report provides a quarterly update on Tech Mahindra, looking atfinancial performance and key developments during the period.