TechM’s revenue declined 4% QoQ (4.2% in cc terms) to US$ 1.6bn. EBIT margin declined by 440bps QoQ to 6.8% even after adjusting for one-offs. The sharp decline in CME (down 9.4% QoQ), owing to cut in discretionary spending / closure of network services projects. Deal wins remain weak - stood at US$ 359mn (down c.25% YoY on TTM basis).