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Earnings

Tech Mahindra Q2 Earnings: Profit likely to fall 3.5%

Updated : November 05, 2019 09:18 AM IST

Information Technology giant Tech Mahindra is all set to announce its second-quarter results on Tuesday. A recovery is likely for Tech Mahindra this quarter. Here's what to expect from the company today:

  • A dollar revenue growth of 1.6 percent is expected.

  • In constant currency terms, it should be a growth of 2.2-2.3 percent.

  • What will drive growth for them is the telecom vertical. It is expected to see a growth of close to about 3.5 percent while the enterprise business, which is the non-telecom or the non-communication vertical, will continue to be fairly muted.

  • The telecom growth is going to be driven by the large AT&T deal, which is estimated to be of a massive size of $800-900 million.

  • Margins will expand by about 70 basis points.

  • Profits, according to a CNBC-TV18 poll, is expected to be down 3.5 percent.
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