Page 26 - Tech Mahindra

Tech Mahindra claims it has entered league of top 20 global services brands

Company registered an impressive growth of 21% in the previous financial year

Digitisation will shift IT contracts to pay-per-use model: Tech Mahindra

As more businesses use digital technologies like artificial intelligence, internet of things (IoT), IT services contracts will change from long-term to pay-as-you-use model, says Atul Kunwar, chief technology officer, Tech Mahindra. Customers of the these IT services providers are reallocating their budgets to focus on new technologies that can improve efficiency. "The traditional budgets are getting reorganised and reallocated. Some money is put into IoT or Cloud too. There is a shift that is happening. Contracts will definitely undergo changes as things go across. There are certain contracts which have particular obligations and timeline, but when customers are revisiting those contracts they are looking at new ways," said Kunwar. While total IT budgets of businesses were earmarked towards heavy-duty technology like enterprise resource planning before, a portion of that are now used to invest in emerging areas like IoT, cloud or artificial intelligence. "Contracts in the new ...

Tech Mahindra opens state-of-the-art lab at Bengaluru

It will demonstrate solutions, products built in association with leading software, hardware vendors

Tech Mahindra to buy US health care service provider for Rs 732 cr

Information technology services entity Tech Mahindra will acquire CJS Solutions Group, a US-based health care provider, for Rs 732 crore ($110 million). The Florida-based company, which does business as HCI Group, provides electronic health and medical record services, and allied software training and support.Tech Mahindra will make an upfront payment of $89.5 million to take an 84.7 per cent stake in the company, which reported annual revenue of $114 million as on end-September 2016. The remaining stake will be acquired over three years. This acquisition is in line with TechM's 'DAVID (digital, automation, verticalisation, innovation and disruption)' strategy. It will give the company access to prominent health care companies in America and Britain. The core leadership team of CJS will continue and the 500 fulltime employees will be absorbed by TechM. "Health care is one of the few sectors globally that is driving adoption of digital technologies. The acquisition will not only ...

Tech Mahindra to buy CJS Solutions Group for $110 million

Deal includes an upfront cash payment of $89.5 million to buy 84.7% stake in CJS

Tech Mahindra sees bigger business from Vodafone-Idea merger

The software firm derives over half of its revenue from servicing communication companies

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

Tech Mahindra to focus on bottomline as market turns more hazy

To focus on bottomline, TechM is also willing to sacrifice on revenue growth

Tech Mahindra Q3 net up 14% at Rs 856 cr

In dollar terms, net profit was up 11.4% to $126.3 mn, while revenue was up 10% to $1,116.1 mn

Tech Mahindra launches incubator for start-ups in UK

Over the next two years, InnovateMK aims to support more than 50 entrepreneurial ventures in the region

TechM sets up innovation lab to push digital play

Part of plan to raise digital share of revenue to half, from a third at present, within 5 years

Tech Mahindra bets big on Nordics

Tech Mahindra will be taking over employees from both companies on board

Tech Mahindra bags two contracts from Nordic region

Signs five-year deal with Finland's Stockmann and a cloud services deal with Norway's Nortura

Tech Mahindra gains post Q2 results

The stock rallied 7% to Rs 444 after the company reported dollar revenue growth of 5% on a constant currency basis, sequentially.

Tech Mahindra Q2 net down 17.5%

Tech Mahindra posted net profit at Rs 643.4 crore for the second quarter

One-off expenses pull down TechM show

However, healthy revenue momentum and easy stock valuation are key positives

Jharkhand government partners with Tech Mahindra to accelerate digital transformation

The company said it is exploring the idea of setting up of a BPO centre in Jharkhand

Tech Mahindra rejigs telecom strategy

In its Comms 3.0 plan, company has created a three-pronged strategy--Run better, Change faster and Grow greater

Brexit will have little impact on volumes: C P Gurnani

Interview with MD & CEO, Tech Mahindra

Tech Mahindra PAT up 20.5% y-o-y for Q1 FY17; down 12.5% sequentially

Revenue rose 10% to Rs 6,921 crore, compared with the corresponding quarter last year