Also Read: Outlook for IT sector positive: NASSCOM chief
The company, which is currently in the silence period, said though it can't give guidance for FY15, but it expects to maintain a steady profile. CEO & MD CP Gurnani said the company is on the right trajectory and they hope to maintain that.
According to Nasscom, the outlook for the IT sector is positive. Nasscom had estimated 12-14 percent growth for the Indian software services industry in FY14, and it aimed to achieve revenue of USD 300 billion for the IT industry by 2020.
Gurnani said though the market is clearly better for the IT sector, especially Europe and the emerging markets, the growth won't be dramatic for IT spends, "but clearly the digital enterprise solutions and the digital storm we are seeing around us will benefit companies like Tech Mahindra ".
Below is the edited transcript of CP Gurnani interview on CNBC-TV 18
Q: What makes Tech Mahindra tick? Going forward what can we expect from your company?
A: When you look at Tech Mahindra, it is the power of 85,000 people, it is power of about 600 active customers. When I look at Tech Mahindra's future it really is about solutions to connected world. That device in our hand today almost has the power of a super computer of yesterday and that connected world means connected solutions and that is what Tech Mahindra is for you.
Q: Last quarter what the analysts appreciated was the fact that your dollar revenue growth was much higher than that of your peers. Will that continue?
A: It is a quite period so I don't think I am going to comment on anything which is not allowed by the regulators. All I can say is that we have maintained a steady profile. We are on the right trajectory and we hope to remain on that trajectory.
Q: I know you are in silent periods but one word on margins because last quarter you recorded highest margins since the merger. Could you tell us where the picture would stabilise not for this quarter but over the medium-term?
A: Tech Mahindra will continue to focus and continue to look at the operating levers. We strongly believe that we have to balance growth and the operating margin and we will continue to balance both.
Q: Could you scale up to about 23 percent over the medium-term?
A: I can't give you any guidance and you will have to bear with me.
Q: Channel checks are indicating that the next year will be better than the current year. The NASSCOM also said that, are you also optimistic about FY15?
A: Anything which tantamounts to guidance during the silent period I think will be unfair on my part to comment. All I have said in the past and I am going to repeat it again that we believe this year will be better than the previous year. We are all working very hard. Tech Mighties, all 85,000 of us believe in rise tenets and we will continue to deliver value to our customers and continue to deliver value to all our stakeholders.
Q: Could you give us some trends regarding client budgets and spends, how are they looking?
A: Most of the industry pandits have already given us the reports and we see the same that the market is clearly better for the IT sector; both in US, Europe is also looking better and emerging markets are also looking slightly better.
So, all I can say is that in terms of IT spend while the growth will not be dramatic, but clearly the digital enterprise solutions and the digital storm that we all are seeing around us will benefit companies like Tech Mahindra.
Q: As an industry veteran would you think the industry growth will be next year given that the current NASSCOM guidance?
A: I think the guidance that the NASSCOM gave is for a certain period of time. I think it will remain in the same. The reason is that, it is not that the IT wallet has expanded it is just that a few companies will be in a better position to take advantage of where they are, what solutions they offer and what kind of reach they are able to provide not only to their customers but also to the overall technology landscape. So, I would not like to change the NASSCOM forecast.
Anda sedang membaca artikel tentang
Growth in IT spends won't be dramatic: TechM
Dengan url
https://kesehatanda.blogspot.com/2014/01/growth-in-it-spends-wont-be-dramatic.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Growth in IT spends won't be dramatic: TechM
namun jangan lupa untuk meletakkan link
Growth in IT spends won't be dramatic: TechM
sebagai sumbernya
0 komentar:
Posting Komentar