Page 43 - SAMENA Trends - May 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Tech Mahindra FY20 Revenue Up 4.3 Percent

Tech Mahindra Ltd., a specialist in digital • o Revenue degrowth at 3.3% in • Active Clients stood at 973 in Q4’20, up
transformation, consulting and business constant currency terms by 35 YoY
reengineering services announced the • o Digital revenues grew 2.0% QoQ, at • Cash Conversion to PAT for FY20 was
audited consolidated financial results for 44% of Revenues 92.2%
its fourth quarter and year ended March • EBITDA at USD 182.7 mn; down 16.5% • Cash and Cash Equivalent at USD 1,164
31, 2020. QoQ Mn as of March 31, 2020
Financial highlights for the Year (USD) • Consolidated PAT at USD 109.0 mn, CP Gurnani, Managing Director & Chief
• Revenue at USD 5,181.9 mn; up 4.3% down32.1% QoQ; Executive Officer, Tech Mahindra, said,
YoY • PAT (excluding impairment) at USD “COVID-19 has brought an unprecedented
• Revenue growth up 5.6% YoY, in 137.7 mn change in business model for the IT
constant currency terms Financial highlights for the quarter (₹) industry. Ensuring wellness of employees
• EBITDA at USD 803.4 mn; down11.3% • Revenue at ₹ 9,490 crore; down1.7% and contribution to society while
YoY QoQ maintaining business continuity under all
• Consolidated PAT at USD 566.8 mn, • EBITDA at ₹ 1,348 crore; down13.8% circumstances continues to be our priority.
down 7.8% YoY QoQ; While the demand traction seen through
• PAT (excluding impairment) at USD • Margins at 14.2%; down 200bps QoQ the first three quarters of Fiscal 19-20 has
595.6 Mn; PAT margin of 11.5%, • Profit after tax (PAT) at ₹ 804 crore; reversed in Q4, we expect that the focus on
down 90 bps YoY down29.9% QoQ Digital Transformation, Remote Working,
• Free Cash flow for FY20 at US$ ~523 • PAT (excluding impairment) at ₹ and Network Modernization will recover
mn 1021 crore in the medium term. The company has
Financial highlights for the year (₹) • Earnings per share (EPS) was at ₹ 9.14 shown a strong growth for Fiscal 20 and we
• Revenue at ₹ 36,868 crore; up 6.1% YoY Other Highlights remain committed to deliver sustainable
• EBITDA at ₹ 5,726 crore; down 9.6% YoY; • Total headcount at 125,236; up4154 solutions to our customers enabling them
• EBITDA margin at 15.5%; down YoY to adopt to New Normal.”
270bps
• Profit after tax (PAT) at ₹ 4,033 crore;
down 6.2% YoY
• PAT (excluding impairment) at ₹
4,251 crore
• Earnings per share (EPS) was at ₹ 45.9
for the year ended March 31, 2020
• The Board has proposed a Final
Dividend of ₹ 5 /- per share (100%) on
the FV of ₹ 5 in addition to the Interim
Dividend of ₹ 10 /- per share declared
earlier
• Free Cash flow for FY20 at ₹ 3,735 Crore
Financial highlights for the quarter (USD)
• Revenue at USD 1,294.6 mn; down 4.3%
QoQ

Tech Mahindra, Openet Ink Global Strategic Partnership to Enable Digital
Transformation for CSPs

Tech Mahindra Ltd. a leading provider will leverage 5G and cloud technologies Better”, Change Faster and “Grow Greater”.
of digital transformation, consulting and to accelerate digital transformation for Tech Mahindra sees a huge need to
business reengineering services and communication service providers (CSPs). transform customer management and
Openet, a leader in the supply of digital As a global leader for CSP IT services, Tech monetization platforms across CSPs as
business support system (BSS) solutions, Mahindra is the chosen transformation they get ready to create application aware
have announced a global strategic partner for many of the world’s leading networks and build new revenue lines in 5G
partnership to enable digital transformation CSPs, helping them transform their and the post COVID era. Tech Mahindra’s
for customers globally. This partnership Business and Operation models to “Run- transformation services coupled with
43 MAY 2020