Tech Mahindra Q3 preview: Expect healthy revenue growth, outlook on deal pipeline important

After a strong performance from most of the IT players, Tech Mahindra is likely to report a good quarter. Q3 revenue growth is seen at 2% QOQ in Constant currency terms (CC) with a Cross currency benefit of 30-40bps.  BPO revenues are likely to grow faster than IT services and contribution from the Tenzing acquisition will be marginal at US$2 mn according to analysts. After a strong margin expansion of over 400bps in the last quarter, this quarter's EBIT margin is seen expanding by about 10-20bps QOQ to 14.3% aided by operating efficiencies, lower costs. Net New TCV likely in the normal range of US $400-500mn and a large deal pipeline likely to be strong. Profit growth is seen at 8.1% QOQ to Rs 1150 crore.   Let's listen in to Poonam Saney to catch more on what to expect from Tech Mahindra results tomorrow Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com