Tech Mahindra revenue drops 1% in June quarter
Tech Mahindra’s Q1 revenue saw a slight dip, decreasing by 1.4% sequentially and 1% year-on-year in constant currency, signaling ongoing softness in client spending. The company’s workforce was optimized, resulting in a headcount reduction of 622, bringing the total to 79,987. Utilisation rates fell to 85%, while attrition edged up to 12.6% amidst the prevailing subdued demand environment.🕒 1 min read
Tech Mahindra’s Q1 revenue saw a slight dip, decreasing by 1.4% sequentially and 1% year-on-year in constant currency, signaling ongoing softness in client spending. The company’s workforce was optimized, resulting in a headcount reduction of 622, bringing the total to 79,987. Utilisation rates fell to 85%, while attrition edged up to 12.6% amidst the prevailing subdued demand environment.
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