Tech Mahindra ended the year with a solid 20% growth in revenues, far ahead of most of its competitors. The company, over the last couple of years, has been able to seamlessly synergize its competencies out of Mahindra Satyam, and in the bargain has come up as an end-to-end player with footprints across IT, BPO, and telecom.
Clearly, the slowdown in the macro-economic conditions has had an impact not only on Tech Mahindra but across the industry. Despite the headwinds in the later part of the fiscal what has helped Tech Mahindra was its strategic inorganic investments that’s helping it face the adverse economic conditions and delayed decision making cycles and slower IT spend.
The company is expected to go ahead with its multipronged strategy aimed at improving the overall utilization rates and further synergize its inorganic assets and ramp up its competencies.