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TechM starts fiscal with caution, mixed signals
Hindustan Times Noida
|July 17, 2025
Tech Mahindra Ltd kicked off the fiscal with lower-than-expected revenue as low business outside its largest geographies dragged down growth, prompting the management to give out mixed signals on the road ahead.
The Pune-based information technology (IT) outsourcer reported $1.56 billion in revenue for the April-June 2025 period, up 0.97% sequentially. Analysts expected better. A Bloomberg poll of 35 analysts expected the company to report $1.57 billion in revenue.
A key reason for the slowdown in revenue growth is the business outside its biggest markets, the Americas and Europe.
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