Tech Mahindra Q4 Review - Deal Win Momentum To Sustain: Prabhudas Lilladher
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Tech Mahindra Q4 Review - Deal Win Momentum To Sustain: Prabhudas Lilladher

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Prabhudas Lilladher Report

Tech Mahindra Ltd. reported modest revenue growth of 1.6% QoQ U.S. dollar, approximately 70 basis points below our and street estimates.

Growth was soft in both communications (up 1.4% QoQ U.S. dollar) and enterprise (up 1.8% QoQ U.S. dollar) segment.

Delay in deal closures and lower-than-expected kicker from Comviva led to revenue miss.

Net new deal win total contract value was strong this quarter at $1.04 billion up 129% QoQ and 103% YoY.

But for the full year FY21, net new TCV declined by 40% to $2.2 billion due to weak deal wins in first three quarters.

Click on the attachment to read the full report:

Prabhudas Lilladher Tech Mahindra Q4FY21 Result Review.pdf

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