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India's fifth largest IT services firm, Tech Mahindra, has suffered a 40% YoY decrease in net profit over Q1 2019 as a result of a significant narrowing of margins. The sector has been impacted by overall slowdowns, particularly in communication clients where revenues were down 8.2% YoY. Despite the dip, CEO CP Gurnani believes that some of the challenges are temporary and they "will be able to bring back our growth trajectory."
Check out the latest fitness equipments on Amazon. Fitness is a key for survival in these testing times of Covid-19
India's fifth largest IT services firm, Tech Mahindra, has suffered a 40% YoY decrease in net profit over Q1 2019 as a result of a significant narrowing of margins. The sector has been impacted by overall slowdowns, particularly in communication clients where revenues were down 8.2% YoY. Despite the dip, CEO CP Gurnani believes that some of the challenges are temporary and they "will be able to bring back our growth trajectory."Check out the latest fitness equipments on Amazon. Fitness is a key for survival in these testing times of Covid-19