TechM to get IT right for better profit margins

Will strive to do better on earnings, growth & let go of low-yield businesses or deals

India’s fifth largest information technology services and solutions firm Tech Mahindra has stated the focus of the firm will be on improving profitability, even at the cost of growth.

“It is not fair for the company to have margins in the 12-15 per cent range when my competitors are reporting margins in the range of 20 per cent and above. We will strive to do better on  both earnings and growth, but my priority is going to be earnings now,” said CP Gurnani, chief executive officer and managing director, Tech Mahindra.

He added that as part of improving margins the