India's Tech Mahindra posts marginal first-quarter revenue miss
The Star Online - Tech·2025-07-16 19:03
BENGALURU (Reuters) -India's Tech Mahindra reported a marginally lower-than-expected first-quarter revenue on Wednesday as clients tightened non-essential spending amid tariff-related uncertainty.
Consolidated sales at India's fifth largest IT services firm by revenue rose 2.7% year-on-year to 133.51 billion rupees ($1.55 billion) in the June quarter.
Analysts, on average, expected 133.83 billion rupees, as per data compiled by LSEG.
($1 = 85.9340 Indian rupees)
(Reporting by Sai Ishwarbharath B and Haripriya Suresh; Editing by Janane Venkatraman)
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