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25-04-2024 04:11 PM | Source: Reuters
India's Tech Mahindra posts Q4 revenue miss
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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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