Tech Mahindra’s surprise quarter is giving IT investors hope again

Investors were keenly awaiting the June 2026 quarter results of IT companies, in a bid to understand if the sector is finally witnessing an upturn in its performance.

Tech Mahindra declared its results after the close of Thursday trading, and its growth in revenues in constant currency terms has been better than the largest IT software services exporter, which had declared its results last week, along with similar sized peers.

Investor pessimism for the IT sector has resulted in the NSE IT Index declining nearly 25% in the current calendar year as compared to an 8% decline in the broader Nifty 50 index.