Tech Mahindra to Unveil AI Pricing Metric, Eyes Strong Growth & 15% Margin Target

• Tech Mahindra will introduce an AI-specific metric within the next quarter to transparently price artificial intelligence in deals, moving beyond marketing-focused revenue reporting.
• MD & CEO Mohit Joshi, speaking at Davos, highlighted the company's strong Q3 performance with 1.7% sequential revenue growth, increased large deal wins, and ninth consecutive quarter of margin expansion.
• The company is on track with its 2024 turnaround plan, aiming for a 15% full-year margin target despite global uncertainties, and expects to grow above the peer-average of 3-5%.
• Joshi emphasized Europe as a key market and telecom as the largest business, while noting improved client spending sentiment and viewing AI as a tailwind for IT services, not a headwind.
• Tech Mahindra plans to leverage AI opportunities by building smaller language models and partnering with hyperscalers, confident in its strong deal pipeline and India's AI talent pool.

Why It Matters: Tech Mahindra is innovating AI pricing transparency, achieving strong growth, and maintaining a 15% margin target.