• Financial and margin performance: Revenue reached $1.66 billion, marking a 6.6% year-on-year growth in constant currency, alongside an operating EBIT margin of 14.4%. This represents the company's 11th consecutive quarter of margin expansion, supporting management's target to deliver an average 15% EBIT margin for FY27.
• Deal momentum and verticals: Deal wins totaled $1.078 billion for the quarter—up 33% year-on-year—with revenue growth across all key verticals led by manufacturing at 17.2% and BFSI at 8.1%. The company also expanded its strategic accounts, adding 7 clients year-on-year to its $50 million-plus annual revenue bucket.
• Artificial intelligence strategy: Under the TechM Helix framework, the company launched an agentic AI development portfolio and scaled its Orion orchestration platform, opting to embed AI capabilities directly across existing service lines. Ecosystem partnerships were expanded with Microsoft, Kitsa, and Perplexity to deploy AI solutions across telecom, healthcare, and enterprise sales operations.
• Cash flow and acquisitions: Tech Mahindra generated $167 million in free cash flow—a 94% year-on-year increase—supported by a 5-day DSO improvement to 84 days and a ROCE increase to 28.3%. The company also announced the acquisition of Canadian firm Awant Techno Solutions to strengthen capabilities in payments modernization and wealth platforms.