India's Tech Mahindra Q2 profit, revenue beats expectations

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BENGALURU -Indian IT services provider Tech Mahindra reported better-than-expected quarterly profit and revenue on Tuesday, helped by strong demand and the company also declared a special dividend.

The Pune-based company's revenue from operations increased nearly 21 per cent to 131.3 billion Indian rupees ($1.59 billion) in the July-September quarter, but a 27 per cent jump in expenses pulled net profit down 4 per cent to 12.85 billion rupees.