New Tech Mahindra structure to help drive innovation, improve margins & growth: CEO Designate Mohit Joshi

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Key Points

Anand says, this quarter, the impact is 130-140 bps on operational drop basis, utilisation reduction and revenue drops that we have seen based on the demand environment. 260 bps is one time exceptional item, which I was addressing as what we have terminated closed and deprioritised as a business, more around certain regions that are not fitting as a long term strategy right, so that is a part of that...

Mohit Joshi: When we did the reorganisation, we wanted to build a more streamlined organisation; we wanted to get some of the benefits, so from a delivery perspective there were really three objectives that we were looking to drive right...

I feel that this new organisation structure from a delivery perspective is able to give us that resilience, increase in service line innovation, and improvement in margins..

I am very confident that given our deep and historic strengths in telecom and manufacturing and the emerging strengths that we have in other sectors like financial services, like healthcare, the deep presence we have in our North American and European markets but also uniquely the presence that we have in Australia and Japan and Asia-Pacific should make our business more resilient into the future. ..

I feel the new organisation structure and our vertical focus within the Americas and the organised structure that we have built in Europe and APJ and the fact that we are now going to be organised vertically from a delivery perspective should mean that our track record on large deals should continue to stay strong..

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