Tech Mahindra (TechM), India's fifth largest software exporter, today reported a fall of 8.10% in the consolidated net profit to Rs 6.31 billion for the quarter ended Jun. 30, 2014 as compared to Rs 6.86 billion in the same period last year. On quarter on quarter basis, it posted a rise of 2.69% in the net profit.

Revenues on the other hand was at Rs 51.22 billion for quarter ended Jun. 30, 2014, registering rise of 24.82% year on year and 1.25% sequentially.

Total headcount reached to 92,729 employees with addition of 3,288 professionals during the quarter.

''The growth momentum for Tech Mahindra continues to be powered by strategic investments and capability building. Our agility to perform in rapidly changing economic conditions speaks volumes about the trust shown by our customers in us. The results are aligned favorably towards us becoming a 'partner of choice' for developing transformational solutions and making enterprises future ready,'' said Vineet Nayyar, executive vice chairman, Tech Mahindra.

''Our robust performance during the quarter sets the tone for rest of the year,'' said CP Gurnani, MD & CEO, Tech Mahindra. ''Our customers have shown a remarkable appetite for the “connectedness revolution” and are readying themselves for the disruptions in future. Tech Mahindra with Telecom as a horizontal differentiator augurs well with the customers in this potentially disruptive landscape,'' CP Gurnani added.

Shares of the company declined Rs 7.05, or 0.33%, to settle at Rs 2,150.30. The total volume of shares traded was 44,607 at the BSE (Thursday).