We expect strong momentum to continue in business: Warren Harris, Tata Tech
«We are always going to have an exposure to new energy vehicle companies because a lot of innovation comes from those companies but there are some volatility issues that we have to grapple with and I think we have successfully done that in the context of the last fiscal year. So, we are very pleased with FY24 and the solid finish to the year that we had in Q4,» says Warren Harris, CEO & MD, Tata Tech.
What has led to the revenue softness in the fourth quarter, especially the services segment for you?
I would challenge the perception that growth has not been strong. If we look at the full year, we grew our business by 15.9% in Indian rupees. If we look at services specifically, we grew over 13%. I signalled in January that we had some runoff at VinFast as we transitioned from the completion of our engineering work to launch support.
And so, if we put VinFast to one side, we actually grew our services business sequentially by 10%. And in the full year, again, if we put VinFast to one side, we have grown our business by a sector leading 30%.
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Momentum is strong. We are always going to have an exposure to new energy vehicle companies because a lot of innovation comes from those companies but there are some volatility issues that we have to grapple with and I think we have
