Tech Mahindra Beats Other IT Giants, Reports 93% YoY Profit

Tech Mahindra Beats Other IT Giants, Reports 93% YoY Profit
analyticsindiamag.com

by Mohit Pandey • 19 days ago

Tech Mahindra reported a 92.6% year-on-year increase in net profit, reaching $115 million for Q3 2024, despite seasonal challenges in the IT sector. The company secured $745 million in new contracts and plans to hire 6,000 freshers. CEO Mohit Joshi emphasized advancements in AI and the launch of GenAI-powered solutions. CFO Rohit Anand noted improved operational efficiencies and ongoing investments for sustainable growth, including the integration of generative AI into business processes.

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