Last updated: April 26, 2021
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Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering services, says its results for the year showed revenue at $5.1bn; down 1.4% YoY; EBITDA was $925.6 mn; up 15.2% YoY;
Margins rose to 18%. Milind Kulkarni, Chief Financial Officer, Tech Mahindra, said, “We have witnessed substantial margin improvement and cash flow generation this year. Our focus on delivery transformation will continue, as we increasingly witness a structural shift towards digital to adapt to the new normal. We are positioned uniquely to gain from this shift, while improving our financial and operating metrics going forward.”
Total headcount was at 121,054 at the year-end, down 847 on the previous quarter.
