Will FY24 be a year of 2-3% growth or further decline for Tech Mahindra? Here’s what the management says

Tech Mahindra’s profit dropped 39% in Q1. While it has been a challenging quarter, CP Gurnani, MD & CEO, remains optimistic and said there are “four facts” that will create better solutions: people investments, technology investments, deep customer relationships, and investment in communication and AI. Incoming CEO Mohit Joshi said the service lines were world-beating and added they will be developing a plan to address the challenging economic environment.

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