Tech Mahindra has announced its Q2 FY23, the period ending September 30, 2022:
Q2 FY23:
- Revenues were $1,638m, up 11.2% y/y and 16.8% CC
- EBIT was $177.2m, a margin of 11%, down 4.2 pts y/y.
Q2 FY23 NH revenue estimate (and y/y revenue growth) by vertical was:
- Communications, media & entertainment: $650m (+10.3%)
- Manufacturing: $262m (+11.1%)
- Technology: $165m (+25.5%)
- BFSI: $267m (+11%)
- Retail, transport & logistics: $133m (+16.4%)
- Others: $161m (+0.%).
Q2 FY23 NH revenue estimate (and y/y revenue growth) by geography was:
- Americas: $832m (+18.4%)
- Europe: $401m (+5.1%)
- Rest of the world: $405m (+4.4%).
Headcount at the end of Q2 FY23 was 163,912 up 16.1% y/y. The breakdown was:
- Software professional: 86,776 (+13% y/y)
- BPO professionals: 68,388 (+19.9%)
- Sales & support: 8,748 (+19.3%).
Attrition was 20% (Q2 FY22: 21%). Utilization rate was 85% (Q2 FY22: 87%).
| Vendor | Tech Mahindra |
| Initial currency type (specify local currency used) | US$ |
| Period Ending | 2022-09-30 |
| Growth | 11.4 |
| Revenues ((m) in local currency | 1638 |
| Revenues (in $m at that date) | 1638 |