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Q3 results: New technology focus, margin gains to drive Tech Mahindra

Within the enterprise segment, technology, media and entertainment was the outlier, with growth of 12.9 per cent

Tech Mahindra Q3 result
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Tech Mahindra Q3 result

Ram Prasad Sahu

Tech Mahindra joined larger peers in reporting better than expected performance for the quarter ended December 2017. The company reported 2.5 per cent sequential growth in dollar revenue to $1.2 billion.

In addition to business growth, cross-currency tailwinds boosted the top line. The growth was led largely by the enterprise segment which grew 4.2 per cent and the North American region, 47 per cent of revenue and which grew 6.2 per cent.

Within the enterprise segment, technology, media and entertainment was the outlier, with growth of 12.9 per cent. The business process outsourcing segment also saw good growth of 20 per cent,