\"<p>Tech
Tech Mahindra CFO Rohit Anand <\/span><\/figcaption><\/figure>By: Isha Akriti and Mannu Arora <\/strong>

Rohit Anand, CFO of Tech Mahindra<\/a>, said his major priority in FY24 will be on upskilling the available talent pool to cater to newer technologies. The focus would be on training initiatives and programmes to get more success in redeploying individuals with new tech skills, he stressed.

The finance leader also emphasised that his company will continue investing in technology despite the slowdown. He expects softness in hiring to continue for another six months. Global demand weakness has affected the IT industry. Tech Mahindra ended FY23 with revenue of $6,607 million, a growth of 10.1% over the last year. The company’s earnings before interest and taxes, or EBIT, was at $747 million, down 14.4% over FY22 with EBIT margins at 11.4%. Edited excerpts from the interaction.
<\/em>
Q: What is Tech Mahindra’s hiring outlook for FY24 in the wake of the current
IT slowdown<\/a>?
<\/strong>
Rohit Anand: The hiring is going to be in line with the revenue and the demand environment as we move forward.

Our top focus would be on upskilling the available talent pool. There are many new technology areas emerging. The efforts would be on driving programs in training initiatives to get more success at redeploying people with such skills. The company will continue investing in technology despite the current slowdown..<\/cite><\/div><\/blockquote>
Q: One of your competitors Wipro, in February, slashed freshers’ job offers by 50%. Does Tech Mahindra also have such a plan? Also, what percentage of wage hikes can be rolled out during FY24? The management had mentioned a staggered wage hike in the Q4 investor analyst call...
<\/strong>
Rohit Anand: We don’t want to comment on the other company. From our perspective, we balanced our (hiring) intake in the second half (of FY23) in line with the demand situation. Compensation and wage hikes are a factor of demand and supply. In the last 18 months, we saw that the supply-side market was very hot, and so the compensation moved to the higher end. But now the demand has softened and most people in the industry have a similar outlook for the next six months. Softness in the wage hikes and compensation is hence natural to flow through.

Q: What does your strategy look like in the next two years in the wake of a slowdown in the world’s biggest economy as well as the top market for IT, the US as well as other major geographies including Europe?
<\/strong>
Rohit Anand: The IT slowdown has been there for the last 2-3 quarters, and the situation continues. The macro environment is not uniform for all the segments or geographies or customers.

The first strategy (to drive business) is to work closely with customers, understand how their market base or demand is changing, and then see how we can partner with them to make them successful. Every customer is different and the impact for each of them would also be different. It is hence important to have a customised solution. One uniform approach may not work..<\/cite><\/div><\/blockquote>
The second strategy is that while we closely work with customers, we also offer them the right solutions for the long term. For instance, over the last 18-24 months, we acquired competencies in cloud-native technologies and experienced design services. Also, we did some acquisitions in the BPS (business process solutions) space. This helped us to offer a more differentiated offering to our customers.

The third strategy is to continue investing in our businesses in terms of building competencies and upskilling people as mentioned before.

Q: Coming to the margins, you have mentioned drivers in the earnings call ranging from, large deals of the past now maturing and expected to play out, to the increased offshoring, to the divestment of non or low-profitable businesses, to the improvement in the product mix, and the lower wage inflation in the wake of current demand slowdown, but given the increase in selling, general and administrative (SGA) costs as well as limited pricing scope for the current year, how confident are you to shore up your margins going forward?
<\/strong>
Rohit Anand: We have aligned our cost structure in line with the demand. In a growing environment, some of the actions may become relatively easier to implement but in a tougher demand scenario, one needs to be a bit more faster and agile to keep growing margins. Our drivers remain very clear as you mentioned. We will continue to drive our margins through this series of actions that you mentioned.

Q: Lastly, what do you think can Indian tech CFOs do to sustain and grow during these volatile times of global recession?<\/strong>

Rohit Anand: There is an opportunity in the current IT slowdown. Despite the general view on the global recession, customers do have significant plans to continue expanding digitally. So, if one invests in the right technology, there is enough opportunity to grow.

Also, there is an opportunity to partner with certain assets which are good-performing assets but are in a tough demand environment. Some might consider this as an M&A opportunity, some might consider it as a partnership opportunity, and some people consider it as a co-creation opportunity.

The one thing I have realised is that in an interconnected world, one event can potentially create an impact on other industries or areas. For example, a couple of events like the SVB and Credit Suisse crisis, typically ended up creating pressure on financial markets. Today it’s a very interdependent world where a particular event can trigger a series of other events.
<\/body>","next_sibling":[{"msid":99978033,"title":"Capgemini posts weaker revenue growth in first quarter","entity_type":"ARTICLE","link":"\/news\/capgemini-posts-weaker-revenue-growth-in-first-quarter\/99978033","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":99983133,"entity_type":"ARTICLE","title":"Tech M CFO says technology investments to continue, upskilling top focus","synopsis":"Rohit Anand says hiring would be in line with the revenue and the demand environment even as efforts would be on driving programs in training initiatives to get more success at redeploying people with skills in emerging technologies.","titleseo":"telecomnews\/tech-m-cfo-says-technology-investments-to-continue-upskilling-top-focus","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETCFO","artdate":"2023-05-04 14:04:51","lastupd":"2023-05-04 14:08:23","breadcrumbTags":["Tech Mahindra","CFO interviews","Interviews","Tech Mahindra investments","Tech Mahindra hiring","IT jobs","IT slowdown","Tech Mahindra margins","IT hiring","telecom news"],"secinfo":{"seolocation":"telecomnews\/tech-m-cfo-says-technology-investments-to-continue-upskilling-top-focus"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2023-05-04" data-index="article_1">

科技M CFO技术投资继续说,upskilling焦点

罗希特阿南德说招聘将符合收入和需求环境即使努力将驾驶项目培训计划得到更多成功重新部署在新兴技术与技能的人。

  • 更新2023年5月4日02:08点坚持
< p > Tech Mahindra CFO罗希特Anand < / p >
Tech Mahindra Rohit Anand首席财务官
:Isha Akriti Mannu Arora

罗希特•阿南德首席财务官科技马辛德拉说,他的主要任务在upskilling FY24将可用的人才来迎合新技术。重点将培训计划和项目得到更多与重新部署个人成功新的科技技能,他强调。

金融领袖还强调,他的公司将继续投资于技术尽管经济放缓。他预计疲软雇佣另一个持续6个月。全球需求疲软影响了IT行业。Tech Mahindra结束FY23营收为66.07亿美元,比去年增长10.1%。公司的利息和税,或息税前利润为7.47亿美元,下降了14.4%在FY22税前息前利润为11.4%。编辑摘录的交互。

问:什么是Tech Mahindra的招聘前景FY24后的电流它放缓吗?

罗希特Anand:招聘是符合收入和需求环境我们在前进。

广告
我们会关注upskilling可用的人才。有许多新技术的新兴领域。将努力推动项目培训计划得到更多成功重新部署这些技能的人。该公司将继续在技术上投资,尽管当前的经济放缓。

问:你的竞争对手之一,Wipro,今年2月,削减了新生50%的工作机会。Tech Mahindra也有这样的计划吗?同时,百分之多少的工资上涨FY24期间可以推出?管理提到了一个交错在第四季度投资者分析师称工资的增加…

罗希特Anand:我们不想评论其他公司。从我们的角度来看,我们平衡(招聘)下半年摄入量(FY23)符合需求的情况。补偿和加薪是需求和供给的因素。在过去的18个月里,我们看到,供应市场很热,所以补偿搬到高端。但现在该行业的需求有所减弱,大多数人也有类似的对未来六个月前景。柔软的加薪和补偿是因此自然流淌。

问:你的策略是什么样子在未来两年之后,世界上最大的经济增长放缓,以及市场,美国以及其他主要地区包括欧洲吗?

罗希特Anand:它已经过去2 - 3季度放缓,情况仍在继续。宏观环境不均匀的部分区域或客户。

第一个策略(驱动业务)是与客户密切合作,了解他们的市场基础或需求发生变化,然后看看我们可以与他们合作让他们成功。每一位客户都是不同的,每个人的影响也会不同。因此重要的是要有一个定制的解决方案。一个统一的方法可能不是工作。

第二种策略是,当我们与客户紧密工作,我们也为他们提供正确的长期解决方案。例如,在过去的18 - 24个月,我们收购了原生云技术的能力和经验丰富的设计服务。同时,我们做了一些收购的BPS(业务流程解决方案)的空间。这帮助我们提供更多的分化提供给我们的客户。

广告
第三个策略是继续投资于我们的企业而言,建设能力和upskilling人如前所述。

问:来利润,你提到的司机在财报电话会议从过去现在成熟的大型交易和预期,增加外包,非或low-profitable企业的撤资,改善产品结构,和较低的工资上涨后,当前的需求放缓,但考虑到增加销售、一般和管理(SGA)成本以及当前年定价范围有限,如何相信你支持你的未来利润?

罗希特Anand:我们有我们的成本结构与需求保持一致。在日益增长的环境中,一些行为可能会相对容易实现,但在严厉的需求的情况下,需要更快速和敏捷保持利润增长。我们的司机仍像你提到的很清楚。我们将继续推动我们的利润你提到通过这一系列的行动。

问:最后,你认为印度科技首席财务官可以维持和成长在这些不稳定时期的全球衰退?

罗希特Anand:有机会在当前的放缓。尽管一般认为全球经济衰退,客户确实有重大计划继续扩大数字。所以,如果一个投资在正确的技术,有足够的成长的机会。

同时,有机会与一些合作资产良好表现的资产,但在艰难的环境需求。有些人可能会认为这是一个并购机会,有些人可能会认为这是一个合作的机会,一些人认为这是一个共同创造的机会。

我已经意识到的一件事是在一个相互联系的世界上,一个事件可能会创建一个对其他行业或领域的影响。例如,两个事件SVB和瑞士信贷危机,通常最终创建金融市场的压力。今天,它是一个高度相互依存的世界里,一个特定的事件可以触发一系列其他事件。
  • 发布于2023年5月4日02:04点坚持
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\"&lt;p&gt;Tech
Tech Mahindra CFO Rohit Anand <\/span><\/figcaption><\/figure>By: Isha Akriti and Mannu Arora <\/strong>

Rohit Anand, CFO of Tech Mahindra<\/a>, said his major priority in FY24 will be on upskilling the available talent pool to cater to newer technologies. The focus would be on training initiatives and programmes to get more success in redeploying individuals with new tech skills, he stressed.

The finance leader also emphasised that his company will continue investing in technology despite the slowdown. He expects softness in hiring to continue for another six months. Global demand weakness has affected the IT industry. Tech Mahindra ended FY23 with revenue of $6,607 million, a growth of 10.1% over the last year. The company’s earnings before interest and taxes, or EBIT, was at $747 million, down 14.4% over FY22 with EBIT margins at 11.4%. Edited excerpts from the interaction.
<\/em>
Q: What is Tech Mahindra’s hiring outlook for FY24 in the wake of the current
IT slowdown<\/a>?
<\/strong>
Rohit Anand: The hiring is going to be in line with the revenue and the demand environment as we move forward.

Our top focus would be on upskilling the available talent pool. There are many new technology areas emerging. The efforts would be on driving programs in training initiatives to get more success at redeploying people with such skills. The company will continue investing in technology despite the current slowdown..<\/cite><\/div><\/blockquote>
Q: One of your competitors Wipro, in February, slashed freshers’ job offers by 50%. Does Tech Mahindra also have such a plan? Also, what percentage of wage hikes can be rolled out during FY24? The management had mentioned a staggered wage hike in the Q4 investor analyst call...
<\/strong>
Rohit Anand: We don’t want to comment on the other company. From our perspective, we balanced our (hiring) intake in the second half (of FY23) in line with the demand situation. Compensation and wage hikes are a factor of demand and supply. In the last 18 months, we saw that the supply-side market was very hot, and so the compensation moved to the higher end. But now the demand has softened and most people in the industry have a similar outlook for the next six months. Softness in the wage hikes and compensation is hence natural to flow through.

Q: What does your strategy look like in the next two years in the wake of a slowdown in the world’s biggest economy as well as the top market for IT, the US as well as other major geographies including Europe?
<\/strong>
Rohit Anand: The IT slowdown has been there for the last 2-3 quarters, and the situation continues. The macro environment is not uniform for all the segments or geographies or customers.

The first strategy (to drive business) is to work closely with customers, understand how their market base or demand is changing, and then see how we can partner with them to make them successful. Every customer is different and the impact for each of them would also be different. It is hence important to have a customised solution. One uniform approach may not work..<\/cite><\/div><\/blockquote>
The second strategy is that while we closely work with customers, we also offer them the right solutions for the long term. For instance, over the last 18-24 months, we acquired competencies in cloud-native technologies and experienced design services. Also, we did some acquisitions in the BPS (business process solutions) space. This helped us to offer a more differentiated offering to our customers.

The third strategy is to continue investing in our businesses in terms of building competencies and upskilling people as mentioned before.

Q: Coming to the margins, you have mentioned drivers in the earnings call ranging from, large deals of the past now maturing and expected to play out, to the increased offshoring, to the divestment of non or low-profitable businesses, to the improvement in the product mix, and the lower wage inflation in the wake of current demand slowdown, but given the increase in selling, general and administrative (SGA) costs as well as limited pricing scope for the current year, how confident are you to shore up your margins going forward?
<\/strong>
Rohit Anand: We have aligned our cost structure in line with the demand. In a growing environment, some of the actions may become relatively easier to implement but in a tougher demand scenario, one needs to be a bit more faster and agile to keep growing margins. Our drivers remain very clear as you mentioned. We will continue to drive our margins through this series of actions that you mentioned.

Q: Lastly, what do you think can Indian tech CFOs do to sustain and grow during these volatile times of global recession?<\/strong>

Rohit Anand: There is an opportunity in the current IT slowdown. Despite the general view on the global recession, customers do have significant plans to continue expanding digitally. So, if one invests in the right technology, there is enough opportunity to grow.

Also, there is an opportunity to partner with certain assets which are good-performing assets but are in a tough demand environment. Some might consider this as an M&A opportunity, some might consider it as a partnership opportunity, and some people consider it as a co-creation opportunity.

The one thing I have realised is that in an interconnected world, one event can potentially create an impact on other industries or areas. For example, a couple of events like the SVB and Credit Suisse crisis, typically ended up creating pressure on financial markets. Today it’s a very interdependent world where a particular event can trigger a series of other events.
<\/body>","next_sibling":[{"msid":99978033,"title":"Capgemini posts weaker revenue growth in first quarter","entity_type":"ARTICLE","link":"\/news\/capgemini-posts-weaker-revenue-growth-in-first-quarter\/99978033","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":99983133,"entity_type":"ARTICLE","title":"Tech M CFO says technology investments to continue, upskilling top focus","synopsis":"Rohit Anand says hiring would be in line with the revenue and the demand environment even as efforts would be on driving programs in training initiatives to get more success at redeploying people with skills in emerging technologies.","titleseo":"telecomnews\/tech-m-cfo-says-technology-investments-to-continue-upskilling-top-focus","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETCFO","artdate":"2023-05-04 14:04:51","lastupd":"2023-05-04 14:08:23","breadcrumbTags":["Tech Mahindra","CFO interviews","Interviews","Tech Mahindra investments","Tech Mahindra hiring","IT jobs","IT slowdown","Tech Mahindra margins","IT hiring","telecom news"],"secinfo":{"seolocation":"telecomnews\/tech-m-cfo-says-technology-investments-to-continue-upskilling-top-focus"}}" data-news_link="//www.iser-br.com/news/tech-m-cfo-says-technology-investments-to-continue-upskilling-top-focus/99983133">