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Motilal Oswal Report
We attended Tech Mahindra Ltd.’s Investor Day; the overall management commentary was strong for both communications and enterprise, driven by 5G spending.
The communications vertical is expected to continue to witness growth, driven by 5G and digital transformation related spends.
The management also outlined its aspirations to scale up the enterprise verticals (healthcare and lifesciences, manufacturing, hi-tech, banking, financial services and insurance), which should provide comfort on the medium-term growth visibility.
The deal win trajectory has accelerated, which the management expects would sustain.
Tech Mahindra’s large-deal strategy and customer-led approach are showing results.
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