Tech Mahindra

June 02, 2023 09:42 AM IST

3 of India's top 5 IT firms saw revenue per employee decline in last five years

HCLTech reported the sharpest fall of 11% in 5-year CAGR. However, at $55,704 aggregate revenue per employee, it’s still the highest among the top five

The waiting game: IT freshers suffer agony and desperation as top firms delay onboarding for a year

Fresh engineering graduates in India hired by top IT companies are facing financial strain, mental health issues and dashed career aspirations due to prolonged delays in onboarding.

After a dismal Q4 amid macro challenges, what is in store for IT firms in FY24?

The year is set to be a challenging one for IT companies as pressure piles up on margins and clients demand pre-inflationary pricing

Buy Tech Mahindra; target of Rs 1207: KR Choksey

KR Choksey is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1207 in its research report dated April 28, 2023.

IT and ChatGPT: Generative AI gains ground among India's top IT firms

While there is demand for generative AI-based solutions, companies are also worried about its implications. This has already led some firms to regulate its use, or ban the technology entirely

Hold Tech Mahindra; target of Rs 1100: Sharekhan

Sharekhan recommended Hold rating on Tech Mahindra with a target price of Rs 1100 in its research report dated April 27, 2023.

Neutral Tech Mahindra; target of Rs 1080: Motilal Oswal

Motilal Oswal recommended Neutral rating on Tech Mahindra with a target price of Rs 1080 in its research report dated April 28, 2023.

India's top 5 IT companies added 83,906 employees in FY23, compared to 2.73 lakh in the previous year

TCS, Infosys, Wipro, and Tech Mahindra have all experienced net headcount reductions during one of the quarters. Wipro and Tech Mahindra have both seen a reduction in headcount for two consecutive quarters – in Q3 and Q4.

Tech Mahindra Standalone March 2023 Net Sales at Rs 10,938.50 crore, up 17.38% Y-o-Y

Tech Mahindra Consolidated March 2023 Net Sales at Rs 13,718.20 crore, up 13.22% Y-o-Y

Tech Mahindra & Wipro disappoint Street, Godrej Consumer helps Raymond become debt free | Market Minutes

In this episode of Market Minutes, Shailaja Mohapatra talks about Wipro and Tech Mahindra's Q4 performance, Raymond and Godrej Consumer Products FMCG deal and Axis Bank's loss in March quarter. (With inputs from Sucheta Anchaliya). Also, catch Naveen KR, smallcase manager and senior director of Windmill Capital in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends

Tech Mahindra CEO Gurnani bets big on futuristic tech, IT service resurgence

The IT services firm reported an order book of $592 million for Q4FY23, down by 25.5 percent QoQ from $795 million in Q3.

Tech Mahindra adds 1,227 employees in FY23, over 95% plunge from last FY

In Q4FY23, Tech Mahindra's overall headcount declined by 4,688 QoQ.

Tech Mahindra’s Q4 net profit slides 27% to Rs 1,125 crore, big miss on margins

An average estimate of brokerages polled by Moneycontrol had expected the post-tax profit to rise 3 percent on a sequential basis but decline 11 percent annually to Rs 1,336 crore

Tech Mahindra may log in 11% decline in net profit for Q4, margins likely to remain flat

The IT services firm is seen reporting a 14 percent increase in consolidated revenue on slowing deal closures and loss of wallet share among its top clients.

FIDE, Tech Mahindra declare dates for Global Chess League

During the course of the league, a variety of events, such as chess tournaments, logo announcement event, etc. would be hosted globally.

Covid surge: India Inc gears up with vaccination mandates, booster doses, emergency response teams

According to experts, companies do not appear to be making any changes to their work arrangements currently but many said they are open to reconsidering remote work if the situation worsens.

JP Morgan has downgraded 2 IT players; here is why

The brokerage firm attributed the ratings cut to signs of prolonged weakness in BFSI and telecom verticals for these IT companies

Gainers & Losers: 10 stocks that moved the most on April 17

As many as 1,778 shares advanced, 1,710 declined and 178 remained unchanged as the market snapped a nine-day winning streak to close in the red

Tech Mahindra down 7%, Citi downgrades stock to 'sell' and cuts target price

The global brokerage firm downgraded Tech Mahindra Ltd to 'sell' from neutral and reduced the target price of Rs 955 a share from Rs 1,100 earlier

LTIMindtree clarifies purpose of IGNITE amid criticism over delayed on-boarding

The mandatory training and screening programme, IGNITE, faced flak as the campus hires awaiting on-boarding for over a year now were told to either enrol for it or their offers will automatically get cancelled.

Freshers cry foul as LTIMindtree delays joining, stokes fears of elimination

According to sources, about 600-700 freshers are impacted. In the face of global headwinds, other IT firms like Wipro and Tech Mahindra have also delayed on-boarding earlier

IT may log in muted revenue in Q4, analysts see bleak near-term outlook for BFSI

Top-level exits and appointments, the banking crisis in the US and Europe, a worsening macroeconomic climate, and uncertainty about budgets for the new fiscal, all have contributed to this state of affairs.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories to help you stay at the top of your game.

Contrarian Calls | Tech Mahindra's management rejig stirs analysts' optimism despite weak price action

Despite concerns over underperformance in near term, a management rejig at Tech Mahindra gave way for some positive views from analysts.