Tech Mahindra expects 5G, home connectivity to drive growth.
According to the senior officials of the IT company, Tech Mahindra expects 5G rollout, demand for home connectivity and digitisation will drive business growth in the coming days.
The company expects short term setbacks for businesses due to coronavirus pandemic, however, telecom clients will support the business growth.
According to the details uploaded on the company’s website, 93 per cent employees in the company’s IT team and around 85 per cent in the business process services were working from home after the lockdown was announced.
Tech Mahindra CEO for Network Services Manish Vyas said that major service providers continue to remain focused on investment in network expansion and 5G services.
For the 2019-20 financial year, the Mahindra group company reported 6.15 per cent decline in net profit at Rs 4,033 crore. In December quarter, the profit stood at Rs 1,145.9 crore.