Page 47 - SAMENA Trends - November-December 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Syniverse Releases Second Annual Environmental,

Social, and Governance Report

Syniverse, “the world’s most connected • Environmental performance that oversight of our suppliers, we have updated
company”, announced the publication of protects the world our Supplier Code of Conduct to promote
its second annual Environmental, Social, “In 2020, we laid the groundwork for responsible ESG actions across our supply
and Governance (“ESG”) Annual Report understanding our impact better, creating chain,” said Kevin Beebe, Chairman of
which details the Company’s ESG strategy transparent reporting processes, and setting Syniverse’s Nominating and Corporate
and performance for the fiscal year ended targets to further our RISE progress into the Governance Committee and Board member
November 30, 2021. future. In 2021, we took this work further with responsibility for ESG topics. “We look
Syniverse engaged multiple stakeholders for and the material improvements achieved forward to reporting further progress on
its second annual materiality assessment, across our focus areas are reflected in our these and other actions in our quest to
including gathering the opinions of latest report,” remarked Andrew Davies, create a more sustainable Syniverse for the
employees, investors, customers, and Chief Executive Officer, Syniverse. “In line future.”
suppliers to better identify the topics that with our 2020 commitment to enhance our
matter most to each audience. Full detail
on the assessment and placement of the
most material issues can be found within
the report. The Company’s ESG strategy
and framework, which is titled “RISE,” is
an acronym that identifies the four areas
critical to long-term sustainability and
success, including:
• Responsibility to promote ethical
practices
• Inclusive culture for employees and
global community
• Service integrity in performance, security,
and privacy

Tech Mahindra Q2’23 Revenue Up 20.7% YoY

Tech Mahindra Ltd., a specialist in digital • Revenue at ₹ 13,129 crores; up 3.3% QoQ ety at large. While market conditions evolve
transformation, consulting and business and up 20.7% YoY and supply-side challenges continue, we
re-engineering services announced the au- • EBITDA at ₹ 1,984 crores; up 5.5% QoQ, will strengthen our differentiated offerings
dited consolidated financial results for its down 0.6% YoY to help customers in their transformation
quarter ended September 30, 2022. • Consolidated PAT at ₹ 1,285 crores; up journey through our integrated & new-age
Financial highlights for the quarter (USD) 13.6% QoQ and down 4.0% YoY solutions.”
• Revenue at USD 1,638 mn; up 0.3% QoQ • The Board has approved a special divi- Rohit Anand, Chief Financial Officer, Tech
and up 11.2% YoY dend of ₹ 18/- per share (360%) on the Mahindra, said,
• Revenue growth 2.9% QoQ in constant FV of ₹5. “We have taken several targeted mea-
currency terms Other Highlights sures to achieve operational efficiencies
• EBITDA at USD 246 mn; up 2.9% QoQ, • Total headcount at 163,912 up 3.7% QoQ and ensure long term sustainable growth.
down 9.0% YoY • Cash and Cash Equivalent at USD 947 While we continue to address the dynamic
• EBITDA margin at 15.1%, up 30 bps mn as of September 30, 2022 market conditions, we will remain focused
• Profit after tax (PAT) at USD 159 mn; up CP Gurnani, Managing Director & Chief Ex- on creating value for our stakeholders,
11.2% QoQ and down 12.3% YoY ecutive Officer, Tech Mahindra, said, through continued operational rigor, robust
• Free cash flow at USD 253 mn, conver- "We continue to focus on being resilient cash generation and prudent capital alloca-
sion to PAT at 159%. and agile to ensure long-term value for our tion. Additionally, we have also announced
Financial highlights for the quarter (₹) people, customers, partners, and the soci- a special dividend of INR 18 per share, in

47 NOVEMBER- DECEMBER 2022