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Tech Mahindra Q1 Results: Profit, EBITDA to deal wins - five key takeaways from IT major's earnings

Tech Mahindra s Q1FY24 numbers were weak, with declining profit and EBITDA. Revenue saw low growth. The company acknowledged the challenging quarter but expressed confidence in delivering long-term value for customers and shareholders. ....

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Tech Mahindra CEO designate Mohit Joshi confident of medium, long-term growth despite tough Q1

Tech Mahindra’s net profit in Q1 was down by 38% QoQ, order book declined 39% ....

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Tech Mahindra Q1 results: One of the toughest quarters I have seen in last five years: CEO CP Gurnani

Tech Mahindra s Q1 order book declined over 39 percent QoQ to $359 million from $592 million in the previous quarter due to weakness of the CME segment. ....

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tech mahindra q1 results: Tech Mahindra reports 40% YoY drop in net profit, calls Q1 its "toughest quarter" in five years

Chief executive officer CP Gurnani said the quarter was marked by large-scale slowdowns, particularly across communication clients. ....

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Infosys, TCS, Wipro, TechM, Mphasis shares: IT stocks that analysts like ahead of Q1 results

Nifty IT is currently trading at 21 times one-year forward EPS against the last 15-year average of 18 times. The IT index is trading at a 16 per cent premium over Nifty PE of 18.5 times. ....

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