Fifth biggest domestic tech company TechM is looking at upcoming 5G roll-outs in global markets as a big opportunity and is on the right trajectory in its communications vertical to achieve ‘gradual growth’ from now on, a top official has said.
In the recent past, communications, which has traditionally been the mainstay for TechM, had delivered mixed results due to difficulties faced by the sector around the world, but the company surprised with a 4% growth in revenue in the September quarter compared to the preceding three months.
The communication vertical accounted for 41.5% of its Rs 8,629 crore revenue in the September quarter. The revenue share of the segment had stood at 45.2% in Q1FY18, which had steadily declined to 39.6% by Q1FY19 before going up.
The company is working on ways to up the margins, including automation, increasing utilisation, more efforts on training so that employees can start working on projects quickly and pursuing the right business mix, Chief operating officer L Ravichandran said.
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