Today announced the audited consolidated financial results for its fourth quarter and year ended March 31, 201825 MAY, 2018 | India
Board recommends dividend of ₹ 14/- per share
Manoj Bhat appointed CFO effective 1st June 2018
Mumbai - May 25, 2018: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering today announced the audited consolidated financial results for its fourth quarter and year ended March 31, 2018
Financial highlights for the quarter (₹)
Financial highlights for the quarter (USD)
Financial highlights for the year (₹)
Financial highlights for the Year (USD)
“It’s been a great year of execution despite volatilities in the market place. Our customer accolades and various recognitions for sustainability reflect well on our long term strategy for growth ,” said Vineet Nayyar, Vice Chairman, Tech Mahindra.
Commenting on the Q4 performance, CP Gurnani, Managing Director & CEO of Tech Mahindra said “Continued focus on operational metrics has led to improved performance though the year. Growth in digital areas is particularly encouraging. We remain focused on delivering value to our customers, while helping our employees FUTURise with constant innovation in the digital world,”.
CP Gurnani added: “it’s been a pleasure working with Milind Kulkarni over the years. I would like to thank him for his immense contributions to the organization and the finance function. I am also pleased that Manoj Bhat, who has worked with the company for over 12 years in multiple leadership roles, will take over as the new CFO effective 1st June 2018”
Transformation Services: Selected by a leading European Telco as a Strategic managed services partner for transforming its operations stack. Tech Mahindra will own end-to-end responsibility for architecting, developing, delivering and supporting the Operations.
Transformation Services: Selected by a leading Logistics Company in US as a strategic partner for building its next generation products & platforms using Design Thinking and Devops, thus helping customer to fuel its growth and improve margins.
Digital Customer Experience: Chosen by a leading North American Telco as its Managed Services partner for Digital Customer Experience and Product Management. Tech Mahindra through its agile operating model, Automation and As-a-service model will ensure high quality service and business value.
Digital Workspace: Signed a deal with a large Australian Insurer for setting up a Digital Workplace based on As-a-Service model.
Big Data: Selected by a leading US healthcare Company for transforming its delivery using Big Data to increase efficiency and improve patient safety.
Transformation: Selected by a leading European Telco for its Network Planning and Performance management. Tech Mahindra will the Telco as it embarks on its next Gen OSS transformational program.
Big Data: Chosen by a leading US Manufacturer for providing Big Data Ingestion on an as-a-service model.
Automation: Engaged by a European Telco as a strategic partner to manage delivery and automation across its product ecosystem. Tech Mahindra will be responsible for the delivery based on business outcome, leveraging Business process as a service across its processes.
Connected Car Platform: Chosen as the digital transformation partner by a leading Global Car Company to design, build, integrate, test and host platform and managed services for operations. The platform is scalable for MVNO operations and help open a new revenue stream for the OEM and enable data monetization of connected car.
Awards and Recognitions:
Audited consolidated financial results for the quarter and year ended March 31, 2018 drawn under India AS
About Tech Mahindra
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.8 billion company with 112,900+ professionals across 90 countries, helping over 910 global customers including Fortune 500 companies. Our innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value to our stakeholders. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2016 List.
We are part of the USD 19 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.
Connect with us on www.techmahindra.com
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