Tech Mahindra reported USD revenue of $1,015mn, a growth of 0.4% QoQ. The revenue performance was largely in-line with our estimates. In constant currency terms, it reported growth of 1.2% QoQ. Growth during the quarter was led by Enterprise segment which grew 3.8% QoQ while Communication segment registered de-growth of 2.7% sequentially mainly due to the ramp-down in some of the top customers and adverse cross-currency impact.