ICICI Direct: Tech Mahindra Analyst Meet Review - Expect Improved Growth In FY22E
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We attended the virtual analyst meet of Tech Mahindra Ltd.
The company highlighted that it is expecting acceleration in growth based on a large deal pipeline (73 large deal potential), healthy pipeline (up 20% YoY in six months), acceleration in digital technologies and 5G opportunities.
The company is also aiming to reduce revenue volatility by focusing on more annuity type deals.
In FY22E, the company is targeting lower than double digit growth (probably mid high single digit) in telecom (approximately 40% of revenues) and double digit in enterprise segment (~60% of revenues).
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