Tech Mahindra posts modest revenue growth, but margins hit new high

Tech Mahindra posts modest revenue growth, but margins hit new high

The Pune-based IT services company reported $1.59 billion in revenue for the July-September period, up 1.4% sequentially but down 0.2% on a yearly basis. Most of the growth came from manufacturers, which made up three-fifths of the company’s incremental revenue of $22 million.