 "An employee sits at the front desk inside Tech Mahindra office building in Noida on the outskirts of New Delhi")
Tech Mahindra managed to beat Street expectations in its third quarter results for FY17.
Net profit at Rs 856 crore was up almost 14% on a year-on-year basis and sequentially up 32%. Revenue grew 12.7% on a year-on-year at Rs 7,557 crore.
The net profit for Tech Mahindra has been declining for the last three quarters.
The big positive was a strong US dollar revenue growth that came in at 4% at $1,116 million on a sequential basis, these numbers were up 5% in constant currency basis. Tech Mahindra’s dollar revenue growth is best among its Indian peers.
