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homeinformation technology NewsTech Mahindra Q4 results today: What you should watch out for

Tech Mahindra Q4 results today: What you should watch out for

Tech Mahindra will report its fourth-quarter earnings on Tuesday and the software services firm is expected to see steady growth this time.

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By Reema Tendulkar  May 21, 2019 8:28:00 AM IST (Published)

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Tech Mahindra will report its fourth-quarter earnings on Tuesday and the software services firm is expected to see steady growth this time.

  • Dollar revenue growth is expected to be up around 1.3 percent at $12,775.5 million and in constant currency terms, it should be a growth of 1 percent. The topline growth will be led by communication vertical.
  • The enterprise business is expected to have a flat fourth quarter compared to the third quarter, where growth was led by manufacturing vertical.
  • A CNBC-TV18 poll shows margin growth of 15.8 percent, 30 basis points lower than the prior quarter. Margins have been on an uptick for seven quarters consistently but this quarter it is expected to take a breather.
  • On the bottom line, the profits are likely to be down 4.5 percent on account of margins will be lower on a sequential basis.
  • The key to track will be deal wins, which have been strong for the company and this time it would be higher than the average of $275-325 million range. The outlook on telecom vertical will also crucial, as well as attrition which has been on the higher side.
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