Maintain BUY with a TP of Rs 800 based on 15x FY20 EPS. Tech Mahindra delivered decent performance in 4QFY18 both on revenue and operational fronts. Revenue stood at USD 1,244mn (+2.9% QoQ, +1.7% CC), vs our estimate of USD 1,250mn. Growth was driven by Enterprise (+5.1% QoQ), led by investment in IPs and traction in Manufacturing (+10.5% QoQ). Digital (27% of rev, +35% YoY in FY18) is driving growth in Enterprise (+19% YoY).