Tech Mahindra Ltd (GREY:TCHQY)

$ 0 0 (0%) Market Cap: - Enterprise Value: 11.20 Bil PE Ratio: 52.63 PB Ratio: 5.13 GF Score: 93/100

Q1 2020 Tech Mahindra Ltd Earnings Call Transcript

Jul 30, 2019 / 01:00PM GMT

Transcript

Operator

Ladies and gentlemen, good day, and welcome to the Tech Mahindra Q1 FY '20 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. C. P. Gurnani, MD and CEO for Tech Mahindra. Thank you, and over to you, sir.

Chander Prakash Gurnani

Tech Mahindra Limited - MD, CEO & Director

Good evening. Good morning. Welcome to Tech Mahindra Quarter 1 results. Quarter 1 is marked with strong deal win momentum, much better than what we had witnessed last year. Overall, the pipeline is robust and much bigger. We always classify the business that we do as run, change and grow. The change, which is really the digital business, continues to grow and is showing very, very good results. Overall, we are confident of delivering higher growth for the company. A few highlights for the quarter, revenue at $1,247 million. It is 1.6% quarter-on-quarter degrowth.

Our communication business recorded a degrowth of 3.2% quarter-on-quarter. The softness is largely due to the seasonability

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