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    Tech Mahindra's focus this year will be on digital transformation initiatives, says CFO Bhat

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    Tech Mahindra's focus this year will be on digital transformation initiatives, says CFO Bhat

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    The IT and digital transformation industry is witnessing exponential growth with companies betting big on the 5G opportunity in India. To talk about what kind of investments Tech Mahindra is making and what is the outlook going ahead in terms of new technologies, CNBC-TV18 spoke with Manoj Bhat, CFO of the company.

    The IT and digital transformation industry is witnessing exponential growth with companies betting big on the 5G opportunity in India.
    To talk about what kind of investments Tech Mahindra is making and what is the outlook going ahead in terms of new technologies, CNBC-TV18 spoke with Manoj Bhat, CFO of the company.
    Looking forward into 2019, Bhat said, "The focus will be on digital transformation initiatives that are closer to the customers."
    "Moreover, as of now, there has been no impact on demand or growth for 2019 in terms of customers budgets and the various initiatives they are perceiving in digital," said Bhat.
    "So, the company maintains the guidance of mid-single-digit growth in communications and 8-10 percent in enterprise for next year," said Bhat, adding that it is based on current visibility.
    With regards to 5G, he said,"It is going to be a huge opportunity for the industry across enterprise verticals. Customers are moderninsing IT to be ready for 5G and network virtualisation," he said, adding that the company has won couple of deals for IT modernization in the last couple of quarters.
     
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