Tech Mahindra on growth path, is pushing the non-linearity drive

IP-led revenues have continued to positively impact its operating profit margins

Tech Mahindra, India's fifth-largest information and technology (IT) services company, has shown steady growth in its share prices. Currently, the price is around Rs 632 as compared to Rs 376 last July. Analysts say it is a correction since the company's focus over the past year has been on driving profitability with more intellectual property (IP)-led revenues, which have been making a positive impact on its operating profit margins.
 
The company is pushing the non-linearity drive because headcount growth as a proportion of revenue growth is on the decline.
 
“When they bought Lightbridge Communications Corporation (LCC), it resulted