TechM's Q3 performance met with Bloomberg estimates on revenue, but was a miss on net income. Bloomberg estimates expected revenue at Rs 13,522.6 crore and net income at Rs 1,299.6 crore.
Revenue for the quarter came in at Rs 13,734.6 crore for Q3 up 19.9 percent. On a sequential basis, revenue was up 4.6 percent.
What came as a positive this year was the total contract value of deals signed at $795 million. This was up 11 percent, compared with the $716 million signed in the second quarter of FY23.
The other milestone that the company crossed this quarter was its enterprise business, which touched the $1-billion quarterly revenue mark.
This story is from the January 31, 2023 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 31, 2023 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
DELHI-NCR ENFORCES GRAP STAGE-3
It is a \"Serious issue\" that is affecting the school-going students as there has been an increase in the cases of cold and cough. - Dr Sahab Ram, Pediatrician
Delhi pollution plea in SC on Monday
The Supreme Court on Thursday agreed to urgently list on November 18, a plea seeking enforcement of measures to check pollution in the national capital after it was told that Delhi should not become the most polluted city in the world.
Online Classes for schools up to class 5: CM Atishi
Due to rising pollution levels, all primary schools in Delhi will be shifting to online classes, until further directions
Defamation suit: Delhi High Court issues summons to users who 'edited' ANI's Wikipedia page
The Delhi High Court in the case Wikimedia Foundation v. ANI & Ors observed and has issued summons to three individuals who allegedly edited the Wikipedia page of news agency Asian News International, ANI.
Calcutta High Court imposes 1,500 limit on attendees at BJP's rally in Howrah, expresses concerns over 'narrow stretch' of road
The Calcutta High Court in the case Arun Uday Paul Chowdhury-Vs-The State of West Bengal & Ors observed and has allowed a rally by the Bharatiya Janata Party in Kolkata's Howrah area, after permission had been refused by the police authorities.
DELHI HIGH COURT REJECTS INDERPAL GABA'S CHALLENGE TO NIA ARREST AND REMAND OVER PROTEST AT INDIAN HIGH COMMISSION IN LONDON
The Delhi High Court in the case Inder Pal Singh Gaba vs. National Investigation Agency observed and has rejected the petition of Inder Pal Singh Gaba, allegedly involved in the protest at the High Commission of India, London, United Kingdom, challenging his arrest by the National Investigation Agency, NIA and seeks for the release of him from custody.
Allocation of cases: Supreme Court notifies new subject-wise roster with effect from November 11
The Supreme Court of India has published a new roster of work, which is effective from November 11, 2024, after Justice Sanjiv Khanna became the Chief Justice of India, CJI.
Supreme Court: Right to shelter a facet of Article 21; state must satisfy why entire property needs to be demolished
The Supreme Court in the case In Re: Directions in the matter of Demolition of Structures and Ors laid down pan-India guidelines through its judgment in the 'bulldozer matter'.
Supreme Court: Compassionate appointment is not a vested right
The Supreme Court in the case Tinku v State of Haryana observed and has held that compassionate appointment is not a vested right which can be granted without any kind of scrutiny or undertaking a process of selection.
K'TAKA TO SET UP SIT TO PROBE COVID SCAM
Dalla is accused of multiple charges including murder, extortion, terror financing, targeted killings, and cross-border smuggling of drugs and weapons.
