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Tech Mahindra's Q2 profit rose by 10 percent
By siliconindia
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Wednesday, 27 October 2010, 15:00 IST
Bangalore: Tech Mahindra said in a filing to the Bombay Stock Exchange that its consolidated net profit rose by 10.13 percent to 
186.65 crore for the second quarter ended September 30. The company had a net profit of 169.47 crore in the July-September quarter last fiscal.
"The robust quarterly performance reflects our strong capabilities in the telecom domain and our ability to provide multiple services offering under one umbrella. Our performance in emerging markets and greenfield operations gives us confidence that we are successful in meeting the ever-changing expansion of our customers," said Anand Mahindra, Chairman, Tech Mahindra.
On a standalone basis, the company has posted a net profit of Rs 183.95 crore, down 12percent over the same period last year. As of now the company has a headcount of 34,007 and added seven new customers during this quarter, by taking the total customer count to 124.
"This quarter was one of execution in both service delivery and business acquisition. Our reach has increased with the addition of customers relationships across geographies. This augurs well for us at a time when we are seeing the signs of demand reviva l," said Vineet Nayyar, MD, CEO, Tech Mahindra.
186.65 crore for the second quarter ended September 30. The company had a net profit of 169.47 crore in the July-September quarter last fiscal.
"The robust quarterly performance reflects our strong capabilities in the telecom domain and our ability to provide multiple services offering under one umbrella. Our performance in emerging markets and greenfield operations gives us confidence that we are successful in meeting the ever-changing expansion of our customers," said Anand Mahindra, Chairman, Tech Mahindra.
On a standalone basis, the company has posted a net profit of Rs 183.95 crore, down 12percent over the same period last year. As of now the company has a headcount of 34,007 and added seven new customers during this quarter, by taking the total customer count to 124.
"This quarter was one of execution in both service delivery and business acquisition. Our reach has increased with the addition of customers relationships across geographies. This augurs well for us at a time when we are seeing the signs of demand reviva l," said Vineet Nayyar, MD, CEO, Tech Mahindra.