The company had posted a profit of Rs. 321.5 crore in the same period last year, Tech Mahindra said in a statement. The company had a debt of Rs. 342 crore on its books as on December 31, while cash and cash equivalents stood at Rs. 3,459 crore.
Consolidated revenue grew 33.5 per cent to Rs. 4,898.5 crore for the reported quarter from Rs. 3,668.3 crore in the year-ago period. In dollars terms, revenue grew 17.2 per cent year-on-year to $791 million, while net profit was 175.7 per cent higher at $163.1 million
During the quarter, the firm added a net 2,165 people, taking its total headcount to 87,399. Of this, 57,601 were software professionals, 23,213 were engaged with BPO operations and 6,585 were associated with sales and support.Americas accounted for 46 per cent of its revenue while Europe accounted for 33 per cent and rest of the world was 21 per cent.
Telecom's share of revenue was 44 per cent, followed by manufacturing (19 per cent), technology, media & entertainment (13 per cent), BFSI (11 per cent) and retail, transport & logistics (6 per cent).The company had 605 active clients at the end of December.