Tech Mahindra Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 29, 2021 at 12:03 pm
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Tech Mahindra Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 98,680 million compared to INR 100,042 million a year ago. Net income was INR 13,098 million compared to INR 11,459 million a year ago. Basic earnings per share from continuing operations was INR 14.98 compared to INR 13.13 a year ago. Diluted earnings per share from continuing operations was INR 14.87 compared to INR 13.03 a year ago. For the nine months, total revenue was INR 288,797 million compared to INR 282,847 million a year ago. Net income was INR 33,467 million compared to INR 32,291 million a year ago. Basic earnings per share from continuing operations was INR 38.29 compared to INR 36.99 a year ago. Diluted earnings per share from continuing operations was INR 37.99 compared to INR 36.73 a year ago.
Tech Mahindra Limited is one of India's leading IT service providers. Net sales break down by activity as follows:
- IT services (89.9%): consulting and engineering services, software publishing, outsourcing, architectural development and deployment, management of application management, development of network infrastructures, data security, cloud computing, etc. ;
- business process outsourcing services (10.1%).
Net sales break down as follows: telecommunications (39.7%), manufacturing industries (16.4%), financial services (16.1%), technology, media and entertainment (9.4%), distribution, transport and logistics (7.6%) and other (10.8%).
Net sales are distributed geographically as follows: India (6.8%), the Americas (47.5%), Europe (26%) and other (19.7%).