MOSL: TECH MAHINDRA (Buy) - Announces one of its largest-ever deals
Tech Mahindra: Announces one of its largest-ever deals
(TECHM IN, Mkt Cap USD9.7b, CMP INR722, TP INR830, 15% Upside, Buy)
- Tech Mahindra (TECHM) has secured one of its largest-ever deals from AT&T, which is among its top accounts.
- Based on media reports, total contract value (TCV) is estimated to be in the range of USD1b. The deal, which will ramp up from 3QFY20, is expected to have a total duration of ~6.5 years.
- As part of the multi-year agreement, TECHM will help AT&T in network modernization and core operation optimization. Apart from this, the deal involves significant amount of cloud migration as one of the major objectives. It also includes some of the preparatory work for 5G rollout.
Tech Mahindra Limited is engaged in the business of computer programming, consultancy and related services. The Company's segments include Information Technology (IT) Services and Business Processing Outsourcing (BPO). The Company operates in various sectors, including telecom business and enterprise solutions business. The telecom business provides consulting-led integrated portfolio services to customers, which are telecom equipment manufacturers, telecom service providers and IT infrastructure services, and BPO, as well as enterprise services (banking, financial services and insurance (BFSI), retail and logistics, and manufacturing, among others) of IT and IT-enabled services delivered through a network of various locations around the world. The enterprise solutions business provides IT services, including IT enabled services, application development and maintenance, consulting and enterprise business solutions, extended engineering solutions and infrastructure management services.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.