Tech Mahindra (TechM), India's fifth largest software exporter, today reported a marginal rise of 0.17% in the consolidated net profit of Rs 7.20 billion for the quarter ended Sept. 30, 2014 as compared to Rs 7.18 billion in the same period last year. On sequential basis, it posted a rise of 14.10% in the net profit.
 
Revenues on the other hand was at Rs 54.88 billion for quarter ended Sept. 30, 2014, registering rise of 15% year on year and 7.2% sequentially.

Total headcount reached to 95,309 employees with addition of 2,580 professionals during the quarter.

''Robust growth in key verticals this quarter underpins our belief in our strategy of continuous investment in capabilities. We are also heartened by the growth in our larger customers which demonstrates their trust and faith in our partnership,'' said Vineet Nayyar, executive vice chairman, Tech Mahindra.

''We are seeing increasing interest in digital enablement in our customer base, and our unique combination of capabilities in both the Communications domain and the Enterprise domain positions us well in the marketplace. Our Q2 performance is a reflection of our strength in both these areas,'' said, CP Gurnani, MD & CEO, Tech Mahindra.

Shares of the company gained Rs 27.4, or 1.16%, to settle at Rs 2,396.50. The total volume of shares traded was 77,601 at the BSE (Wednesday).