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The company's revenue from operations during the reported quarter stood at Rs 12,871.30 crore, witnessing a decline of 6.2 per cent compared to the same period last year. Despite the company's efforts, the financial performance for this quarter did not meet expectations, showcasing the persisting challenges in the IT sector., Companies News - Times Now ....
The acquisition of Orchid Cybertech Services (OCSI) is expected to bolster this relationship, facilitating seamless transitions and incremental revenue opportunities. ....
The average analyst price target on Tech Mahindra by Bloomberg after the third quarter results was at ₹1,302, implying a downside of 1.67% from Thursday s closing. Analysts said that the company s weaker performance indicates that turnaround would be tough in the near term, given the weak demand environment. ....
Revenue in dollar terms came in at $1,573 million, up 1.1 per cent sequentially (down 5.7 per cent) YoY. In the constant currency terms,. revenue was up 1.1 per cent QoQ but down 5.4 per cent YoY.