TechM’s revenue rises 1% in Dec qtr

BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals,” Tech Mahindra CEO Mohit Joshi said.

Tech Mahindra’s headcount dropped by 3,785 employees in the Dec quarter, taking the employee count to 150,488.