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Tech Mahindra Q1 net profit up by 7.2 percent

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9 years ago

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Mumbai: IT, networking and business support services company Tech Mahindra Limited on Monday said it posted an increase of 7.2 percent in its net profit at Rs. 676 crore during the first quarter of this fiscal.

Its net consolidated revenue in the period rose by 22.9 percent at Rs. 6,294 crore against Rs. 5,121.5 crore in the corresponding timeframe in 2014.

“Our results are in line with our expectations, but we sense traction across our markets and remain hopeful of improving our performance by expanding our business in the coming quarters,” company’s executive vice chairman, Vineet Nayyar said in a statement.

Expenses for the $3.8 billion company also increased by 27.4 percent at Rs.5,532 crore during the quarter ended June 30 against Rs.4,342.3 crore in the year-ago period.

During the quarter, the company entered into a strategic relationship with Comverse and was selected as a technology partner by Britain-based Circle Health among others.

The company said it has launched its fourth centre in Philippines’ Cebu to service global enterprise and telecommunication clients. It also opened new offices in Goteborg (Sweden) which is also the company’s first delivery centre in the country.

“Our strategic investments and initiatives across Digital are resonating well with the businesses we serve and holds potential to deliver opportunities that we can leverage upon,” said company’s managing director and CEO C.P. Gurnani.

With an active client base of 770 as on June 30 this year, the company total headcount stood at 103,673. The company’s cash and cash equivalent stood at Rs.3,350 crore until the end of the first fiscal quarter of the current financial year.

Share of Tech Mahindra Ltd were trading at Rs. 519 – up by 1.59 percent – on the Bombay Stock Exchange’s afternoon trade.

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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