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Analyst questions

Sudheer GV

Kotak Mahindra AMC
TECHM

Tech Mahindra Limited

All company calls
Tech Mahindra Limited CC-Jun25.pdf
16 Jul 2025
Open call
  1. Hi, Mohit. Thanks for the opportunity. The first question is on Telecom. So, you mentioned the science of stabilization and demand in Telecom . So, are you also referring to the U.S. telcos, North American telcos? Or is it just the ROW and Europe telcos, which is where you called out stabilization in the earlier quarter session?

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  2. Thanks, Mohit. Very insightful. The second question is on U.S. geography. Surprisingly, you have seen a decent growth of around 2.6% sequentially in U.S. contrast to the trade -related tensions and the declines supported by some of your peers. So, what is driving, on a sequential basis, what has driven this growth in a U.S. market?

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  3. And your commentary came to suggest that the momentum will only strengthen going ahead, both on growth and deal wins. So, what gives you that confidence despite the fact that macro is still a bit on the shaky ground, and we have not necessarily reached a conclusion on the direct trend?

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