Headcount downsizes attributed largely due to increased automation
By MYBRANDBOOK
There has been an acceleration in the adoption of new technology and many clients are migrating to the Cloud,” said CP Gurnani, chief executive of Tech Mahindra. The technology modernization cycle continues to gather pace and our positioning of creating experiences through Nxt.
There are new deal worth $455 million during the quarter, not including renewals, which are back to pre-Covid-19 levels. Tech Mahindra’s total headcount at the end of the quarter was 121,901, down by 2,357 over the previous quarter, attributed largely due to increased automation in the business process management business.
There is also huge demand for human experience management solutions through Born group, a digital transformation firm it had acquired in 2019. The company has proposed a merger of Born Commerce and Tech Mahindra Business Services, both wholly owned subsidiaries.
The deal funnel is at an all-time high and the coming quarters are expected to show robust growth with increased adoption of Cloud and artificial intelligence-based solutions. With this Margin also have improved, largely on account of increased offshoring due to the work from anywhere model, which resulted in a fundamental change in delivery and operating models along with a higher utilisation rate of 87%.
Going forward, the company has identified 190 key skills for which it will look to hire experts as well as upskill employees. Tech Mahindra will also start a staggered rollout of salary increases from March, Gurnani said.
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
TRAI targets to finalise National Broadcast Policy by May-end
The Telecom Regulatory Authority of India will finalise the National Broa...
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
MICROTEK INTERNATIONAL PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
DRUVA SOFTWARE PVT. LTD.
AMARA RAJA POWER SYSTEMS LTD.
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: Madhabi Puri Buch
Madhabi Puri Buch is the chairperson of the securities regulatory body...
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...