25-04-2024 04:11 PM | Source: Reuters
India's Tech Mahindra posts Q4 revenue miss
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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)
Latest News
Centre launches portal for nurturing skill developme...
Hyundai, Kia`s Europe sales down 7.5 pc in October
AI-powered voice analysis may revolutionise early di...
Rohit Sharma to join Indian team in Australia on Sunday
Evening Roundup : A Daily Report on Bullion Energy &...
Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis...
Over 9 in 10 Indian leaders anticipate an increase i...
Evening Track : Renewed Geopolitical uncertainty fue...
Mahayuti government is going to be formed: Shiv Sena...
Everything will get clear on the 23rd: BJPs Rahul Na...
