The Indian outsourcing giant has reported a large jump in profits during the third quarter, with profits tripling to $161 million.

Tech Mahindra has posted profits of 10 billion rupees ($161.6 million), compared to 3.21 billion rupees in the same time last year.

The rise in profits has resulted from stabilisation and signs of new growth in western economies.

Tech Mahindra post rapid quarter growth

The company has also dismissed fears surrounding the U.S. Immigration Bill which was seen as a threat to outsourcing firms who routinely transfer employees through work visas.

A company spokes said to The Hindu: “From our point of view, the Immigration Bill seems to have watered down in the lower house. We believe that our stakeholders and client are well aware of the situation, and we do not see any immediate impact on the business".

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