Tech Mahindra posted revenue of INR 1,28,639.0 Mn, down 2.2% QoQ and 2.0% YoY. This is in accordance with market conditions as pressure on discretionary expenditure continues. According to segment performance on a YoY basis, the following were the results for the quarter: Retail Transport and Logistics (8.2% of revenue) saw a 4.6% decline, Communications Media and Entertainment (CME) (37.0% of revenue) saw a 11.5% decline, Manufacturing (17.8% of revenue) saw a 5.7% growth, Technology (11.0% of revenue) saw a 2.8% increase, BFSI (16.1% of revenue) saw a 6.3% degrowth, and Others (10.0% of revenue) reported a 2.8% decline.