Tech Mahindra has announced its Q4 FY22 and full-year FY22 results, the period ending March 31, 2022:
Q4 FY22:
- Revenues were $1,608.1m, up 20.9% y/y and up 22.6% y/y at cc
- EBIT was $211.5m, a margin of 13.2%, down 10.8 pts.
Full-year FY22:
- Revenues were $5,997.8m, up 17.3%.
- EBIT was $872.3m, a margin of 14.5%, up 2.8 pts.
Q4 FY22 NH revenue estimate (and y/y revenue growth) by vertical was:
- Communications: $653m (+21.7%)
- Manufacturing: $240m (+9.5%)
- Technology, media & entertainment $150: (+32.4%)
- BFSI: $280m (+28.1%)
- Retail, transport & logistics: $122m (+18.6%)
- Others: $164m (+17.3%).
Q4 FY22 NH revenue estimate (and y/y revenue growth) by geography was:
- Americas: $777m (+28.5%)
- Europe: $425m (+20.3%)
- Rest of the world: $407m (+9.3%).
Q4 FY22 revenue (and y/y revenue growth) by service line was:
- IT services: $1,406m (+18.6%)
- BPO services: $203m (+39.8%).
Headcount at the end of Q4 FY22 was 151,173, up 24.9% y/y. The breakdown was:
- Software professional: 85,830 (+25.4% y/y)
- BPO professionals: 57,315 (+24.3%)
- Sales & support: 8,028 (+23.5%).
Attrition was 24% (Q4 FY22: 13%). Utilization rate was 83% (Q4 FY21: 87%).
Vendor | Tech Mahindra |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2022-03-31 |
Growth | 20.9 |
Revenues ((m) in local currency | 1608 |
Revenues (in $m at that date) | 1608 |