(Reuters) – Indian IT services firm LTIMindtree missed quarterly revenue estimates on Thursday, hurt by weak tech spending. The company’s consolidated revenue rose 5.9% to 94.33 billion rupees ($1.12 billion) in the three months to Sept. 30. That was marginally lower than analysts’ average estimate of 94.42 billion rupees, as per data compiled by LSEG. […]
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India’s LTIMindtree misses Q2 revenue view
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(Reuters) – Indian IT services firm LTIMindtree missed quarterly revenue estimates on Thursday, hurt by weak tech spending.
The company’s consolidated revenue rose 5.9% to 94.33 billion rupees ($1.12 billion) in the three months to Sept. 30.
That was marginally lower than analysts’ average estimate of 94.42 billion rupees, as per data compiled by LSEG. ($1 = 84.0300 Indian rupees)
(Reporting by Haripriya Suresh and Varun Hebbalalu in Bengaluru; Editing by Savio D’Souza)