Tech Mahindra Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
July 25, 2022 at 06:19 am EDT
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Tech Mahindra Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 127,079 million compared to INR 101,976 million a year ago. Revenue was INR 128,300 million compared to INR 104,849 million a year ago. Net income was INR 11,316 million compared to INR 13,532 million a year ago. Basic earnings per share from continuing operations was INR 12.84 compared to INR 15.43 a year ago. Diluted earnings per share from continuing operations was INR 12.78 compared to INR 15.32 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%).
TECH MAHINDRA LIMITED 
