Tech Mahindra Keeps 2027 Margin Target

Tech Mahindra maintained its fiscal 2027 margin goal after reporting a second-quarter revenue beat driven by large deals. Consolidated revenue rose 15.6 percent while new deal wins reached 1.02 billion dollars.

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Tech Mahindra CEO Mohit Joshi speaks during a press conference announcing the company's quarterly results in Bengaluru, India, April 25, 2024. REUTERS/Meghana Sastry

Tech Mahindra Ltd maintained its fiscal 2027 operating margin target of 15% after reporting second-quarter revenue that topped analyst estimates. The performance in India was driven by a ramp-up in large deals across communications and other business segments. The momentum highlights how traditional IT service providers are navigating client demand for artificial intelligence integration.

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