India's Tech Mahindra posts Q4 revenue miss

2024-04-25 04:11:26 pm | Source: Reuters

India's Tech Mahindra posts Q4 revenue miss

News By Tags | #TechMahindraLtd #ITSector #StockMarket #QuarterlyResult

Tech Mahindra, India's fifth-largest software company, reported fourth-quarter revenue below analysts' estimates on Thursday due to weakness in the communications and media vertical as macro headwinds weighed on overall demand.

Consolidated revenue fell 6.2% year-on-year to 128.71 billion rupees ($1.55 billion) in the March quarter. Analysts, on average, expected revenue of 129.55 billion rupees, as per LSEG data.

($1 = 83.3028 Indian rupees)

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India's Tech Mahindra posts Q4 revenue miss

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