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    Goal is to reach double-digit growth in enterprise vertical in FY22: Tech Mahindra

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    Goal is to reach double-digit growth in enterprise vertical in FY22: Tech Mahindra

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    Tech Mahindra's target is to reach double-digit growth in enterprise business in FY22, said the company's CFO Manoj Bhat.

    Tech Mahindra's target is to reach double-digit growth in enterprise business in FY22, said the company's CFO Manoj Bhat.
    “It would be our goal to try and see how do we get to double digit growth in the next year in the enterprise segment,” said Bhat in an interview with CNBC-TV18.
    “I think we have seen bottoming out of the manufacturing, we have seen BSFI doing fairly well for us and the other verticals like retail and healthcare are also doing okay so most of the components are doing well,” added Bhat.
    Tech Mahindra's second quarter earnings beat estimates with the non-telecom business driving growth this time. The telecom recovery is still muted.
    On telecom segment, Bhat said, “The recovery in our client base is bit slower so we do anticipate in coming one or two quarters we should start to see that normalise.”
    “5G as I said… It is probably something which will happen in FY22. Interestingly the whole ecosystem around 5G in terms of phones, in terms of devices… That is something which has seen a good amount of traction,” Bhat added.
    Talking about deal wins, Bhat said, “If I look at our deal funnel, it is almost at all-time highs, within that, what we are seeing is more traction in slightly smaller deals because decision-making on them has started moving at a faster pace. Larger one will probably pan out in the next couple of quarters.”
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