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Tech Mahindra net soars 90% to Rs 897-crore on margin surge, forex gains

Tech Mahindra net soars 90% to Rs 897-crore on margin surge, forex gains

Fifth largest software exporter Tech Mahindra today reported a 90 percent jump in post-tax profit for the three months to March at Rs 897 crore on wider margins from an expanded revenue base, forex gains and lower tax payout.

Software services exports to grow 10% in FY13

"In 2012-13, we expect a growth of 10 percent in software services exports," ESC executive director D K Sareen said on the sidelines of a two-day international IT exhibition, India Soft 2013.

Govt has failed to give definition of software exports: Murthy

The government has not been able to provide clarity on the definition of software exports for over a year now and it is causing inconvenience to the industry, Infosys founder and Chief Mentor N R Narayana Murthy said Sunday.