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.
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...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
TVS ELECTRONICS LTD.
MICROTEK INTERNATIONAL PVT. LTD.
IBALL WORLDWIDE PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
Technology Icons Of India 2023: Bhavish Aggarwal
Ola CEO Bhavish Aggarwal had formed Ola-India’s largest mobility pla...
Technology Icons Of India 2023: Roshni Nadar Malhotra
Roshni Nadar Malhotra is an Indian billionaire businesswoman and the c...
Technology Icons Of India 2023: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...