Latest news with #NuixNeoSolutions
Mint
3 days ago
- Business
- Mint
Tech Mahindra Q1: Profit jumps, revenue stalls. What's next for investors?
Tech Mahindra is a leading Indian multinational information technology services and consulting company. It is part of the Mahindra Group. The company operates worldwide, with a presence in over 90 countries and 148,517 employees. It serves clients in various sectors including banking, telecommunications, healthcare, manufacturing, retail, media and public services. In recent years, Tech Mahindra has expanded through strategic acquisitions and enhanced its focus on emerging technologies such as artificial intelligence, internet of things, and blockchain. Tech Mahindra announced its results for the first quarter of FY26 after hours on 16 July. The stock was down slightly the next day. Revenue flat, profit surges Tech Mahindra reported Q1 2026 revenue that was slightly behind estimates, beat on net profit. Let's take a look at what the company achieved in dollar terms. Revenue came in at $1.56 billion, up about 0.4% year-on-year. Earnings before interest and taxes (Ebit) increased 30.2% year-on-year to $172 million. Net profit kept pace with Ebita, also increasing 30.2% year-on-year to $133 million. Free cash flow came in at $86 million. Tech Mahindra's total expenditure fell during the quarter, boosting the bottom line. Revenue from the Americas, which account for the bulk of revenues, fell 5.9% compared to last year. The manufacturing and healthcare & lifesciences verticals shrunk, while BFSI, retail, and logistics & transport grew. New deal wins surged to $809 million from $534 million in the same quarter last year. What did management say? Mohit Joshi, CEO and managing director, said: "Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies." Rohit Anand, chief financial officer, said, 'We have delivered seven consecutive quarters of margin expansion - a clear reflection of the discipline and focus across our organisation. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements." AI-related services to lead revenue growth Tech Mahindra has forged key partnerships and is focussing on AI, which should drive growth going forward. It announced a partnership with Nuix, a global leader in AI-powered investigative analytics and intelligence software to provide innovative, scalable solutions for cyber and fraud detection. The partnership will leverage TechM's extensive expertise in AI, digital engineering and cyber risk management to integrate Nuix's advanced investigative and data analytics solutions into its services, unlocking significant global sales opportunities with the Nuix Neo Solutions. Tech Mahindra and KOGO AI, a category-defining provider of agentic AI infrastructure, announced a strategic collaboration to jointly build and deliver next-gen enterprise AI solutions and agents designed for autonomy, scale and compliance. Did the results disappoint? There were no major disappointments, but the 1% decline in constant-currency revenue was a negative. Weakness in the Americas and in key verticals were other areas of concern. Strong profit growth, deal wins and steady margin were the big positives. Some investors expect Tech Mahindra to start its growth trajectory next quarter based on deal ramp-ups. They anticipate that FY26 revenue growth will outpace FY25's, supported by a strong pipeline and large deal execution. Should investors worry? Some of the issues facing the company are industry-specific and not company-specific. Investors worry that though spending on AI-related infrastructure such as data centers is surging, software and IT services growth rates are expected to slow as businesses delay purchase decisions and reduce discretionary IT budgets. For Tech Mahindra specifically, margin expansion this quarter was seen as a positive. Solid growth in profits and strong deal wins were the other big highlights. However, investors remain wary about revenue growth challenges in certain verticals and the Americas. If IT spending by companies remains weak, particularly in the US and Europe, most Indian IT companies will face a challenging year. As always, you should carefully evaluate a company's fundamentals, corporate governance and valuation before making an investment decision. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
Channel Post MEA
03-04-2025
- Business
- Channel Post MEA
Tech Mahindra and Nuix Partner to Accelerate Data Protection and Fraud Detection
Tech Mahindra announced a partnership with Nuix to provide innovative, scalable solutions for cyber and fraud detection to enterprises globally, assisting them in enhancing their risk and compliance frameworks. The partnership will leverage Tech Mahindra's extensive expertise in Artificial Intelligence (AI), Digital Engineering, and Cyber Risk Management to integrate Nuix's advanced investigative and data analytics solutions into its services. Tech Mahindra will unlock significant global sales opportunities with the Nuix Neo Solutions. In addition, Tech Mahindra will assist customers in managing data breaches, preventing fraud, and protecting Personally Identifiable Information (PII) in industries with stringent regulatory and compliance requirements, including banking, financial services, insurance (BFSI), telecommunications, and public sector companies. Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, said, 'Our partnership with Nuix represents a pivotal step in our mission to transform how organizations approach data privacy and fraud detection across industries. By integrating Tech Mahindra's global delivery capabilities with Nuix's innovative AI-powered data privacy solutions, we will empower our customers to implement robust, cost-efficient, and highly scalable security solutions for tomorrow. This partnership will accelerate our ability to deliver exceptional value, particularly during critical moments such as data breach incidents when rapid response is essential.' Nuix's innovative solutions, including the Nuix Neo platform, enable customers to collect, process, and review massive volumes of structured and unstructured data with forensic accuracy, making it searchable and actionable at scale. This partnership will enable Nuix to significantly enhance its market presence through Tech Mahindra's extensive global network of enterprise and public sector customers, particularly in regulated industries. Jonathan Rubinsztein, CEO, Nuix, said, 'Together, Nuix and Tech Mahindra will help organizations enhance their defenses against fraud, data breach, and regulatory risk. The partnership will bring some of the world's leading data privacy, investigative and legal solutions from Nuix, including Nuix Neo Data Privacy, Nuix Neo Investigations and Nuix Neo Legal, to customers to help protect sensitive data (such as PII), streamline investigations, and manage legal case curation of large volumes of digital evidence.' 0 0
Mid East Info
03-04-2025
- Business
- Mid East Info
Tech Mahindra and Nuix Partner to Accelerate Data Protection and Fraud Detection for Enterprises Globally - Middle East Business News and Information
Australia & India – April 2nd, 2025: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Nuix (AXS: NXL), a global leader in AI-powered investigative analytics and intelligence software. The partnership will enable both companies to provide innovative, scalable solutions for cyber and fraud detection to enterprises globally, assisting them in enhancing their risk and compliance frameworks. The partnership will leverage Tech Mahindra's extensive expertise in Artificial Intelligence (AI), Digital Engineering, and Cyber Risk Management to integrate Nuix's advanced investigative and data analytics solutions into its services. Tech Mahindra will unlock significant global sales opportunities with the Nuix Neo Solutions. In addition, Tech Mahindra will assist customers in managing data breaches, preventing fraud, and protecting Personally Identifiable Information (PII) in industries with stringent regulatory and compliance requirements, including banking, financial services, insurance (BFSI), telecommunications, and public sector companies. Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, said, 'Our partnership with Nuix represents a pivotal step in our mission to transform how organizations approach data privacy and fraud detection across industries. By integrating Tech Mahindra's global delivery capabilities with Nuix's innovative AI-powered data privacy solutions, we will empower our customers to implement robust, cost-efficient, and highly scalable security solutions for tomorrow. This partnership will accelerate our ability to deliver exceptional value, particularly during critical moments such as data breach incidents when rapid response is essential.' Nuix's innovative solutions, including the Nuix Neo platform, enable customers to collect, process, and review massive volumes of structured and unstructured data with forensic accuracy, making it searchable and actionable at scale. This partnership will enable Nuix to significantly enhance its market presence through Tech Mahindra's extensive global network of enterprise and public sector customers, particularly in regulated industries. Jonathan Rubinsztein, CEO, Nuix, said, ' Together, Nuix and Tech Mahindra will help organizations enhance their defenses against fraud, data breach, and regulatory risk. The partnership will bring some of the world's leading data privacy, investigative and legal solutions from Nuix, including Nuix Neo Data Privacy , Nuix Neo Investigations and Nuix Neo Legal , to customers to help protect sensitive data (such as PII), streamline investigations, and manage legal case curation of large volumes of digital evidence.' Tech Mahindra and Nuix will initially focus on the Asia Pacific and Japan (APJ) region, followed by a global rollout. The partnership aligns with Tech Mahindra's strategy to strengthen its domain expertise and provide greater value to enterprise customers. About Nuix Nuix Limited (ASX: NXL) is a leading provider of AI-powered investigative analytics and intelligence software, empowering organizations to protect, govern, and unlock the value of their data. With a global footprint and over 20 years of experience, Nuix delivers advanced data analysis solutions for industries demanding precision and insight, including eDiscovery, legal processing and review, regulatory compliance, data governance, cybersecurity, and forensic investigations. Harnessing the power of advanced processing, artificial intelligence and machine learning, Nuix helps customers to process, normalize, index, enrich and analyze complex data with speed, scale and forensic accuracy. For further information, please visit About Tech Mahindra Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 150,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative's Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies. For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit Our Social Media Channels For more information on Tech Mahindra, please contact:
Trade Arabia
03-04-2025
- Business
- Trade Arabia
Tech Mahindra, Nuix to provide cyber, fraud detection solutions
Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, has announced a partnership with Nuix, a leader in AI-powered investigative analytics and intelligence software. The partnership will enable both companies to provide innovative, scalable solutions for cyber and fraud detection to enterprises globally, assisting them in enhancing their risk and compliance frameworks. The partnership will leverage Tech Mahindra's extensive expertise in Artificial Intelligence (AI), Digital Engineering, and Cyber Risk Management to integrate Nuix's advanced investigative and data analytics solutions into its services. Tech Mahindra will unlock significant global sales opportunities with the Nuix Neo Solutions. In addition, Tech Mahindra will assist customers in managing data breaches, preventing fraud, and protecting Personally Identifiable Information (PII) in industries with stringent regulatory and compliance requirements, including banking, financial services, insurance (BFSI), telecommunications, and public sector companies. Harshvendra Soin, President - Asia Pacific and Japan Business, Tech Mahindra, said: "Our partnership with Nuix represents a pivotal step in our mission to transform how organizations approach data privacy and fraud detection across industries." "By integrating Tech Mahindra's global delivery capabilities with Nuix's innovative AI-powered data privacy solutions, we will empower our customers to implement robust, cost-efficient, and highly scalable security solutions for tomorrow. This partnership will accelerate our ability to deliver exceptional value, particularly during critical moments such as data breach incidents when rapid response is essential," he added. Nuix's innovative solutions, including the Nuix Neo platform, enable customers to collect, process, and review massive volumes of structured and unstructured data with forensic accuracy, making it searchable and actionable at scale. This partnership will enable Nuix to significantly enhance its market presence through Tech Mahindra's extensive global network of enterprise and public sector customers, particularly in regulated industries. Jonathan Rubinsztein, CEO, Nuix, said: "Together, Nuix and Tech Mahindra will help organizations enhance their defences against fraud, data breach, and regulatory risk." "The partnership will bring some of the world's leading data privacy, investigative and legal solutions from Nuix, including Nuix Neo Data Privacy, Nuix Neo Investigations and Nuix Neo Legal, to customers to help protect sensitive data (such as PII), streamline investigations, and manage legal case curation of large volumes of digital evidence," he stated.
