Wipro, Tech Mahindra revenue shrinks in Q3

Wipro Ltd and Tech Mahindra Ltd ended 2024 on a weak note with sequential revenue declining in the third fiscal quarter, implying that the worst is not yet behind for the two software services providers that saw revenue contract in the previous financial year.

On Friday, Bengaluru-based Wipro reported a sharper dip in business compared to smaller peer Tech Mahindra—both disclosed third-quarter results after market hours.