Tech Mahindra revenue drops 1% in June quarter

BENGALURU: Tech Mahindra’s June quarter revenue declined 1.4 per cent sequentially and 1 per cent year-on-year in constant currency terms, reflecting continued weakness in discretionary client spending. Its headcount declined by 622 sequentially to 79,987, as the company continued workforce optimisation amid subdued demand, while utilisation slipped to 85 per cent and attrition rose to 12.6 per cent. ahindra’s June quarter revenue declined 1.4 per cent sequentially and 1 per cent year-on-year in constant currency terms, reflecting continued weakness in discretionary client spending. Its headcount declined by 622 sequentially to 79,987, as the company continued workforce optimisation amid subdued demand, while utilisation slipped to 85 per cent and attrition rose to 12.6 per cent.