India's Tech Mahindra posts marginal first-quarter revenue miss on Americas weakness


FILE PHOTO: Tech Mahindra logo is seen on its office building in Noida on the outskirts of New Delhi, India March 7, 2019. Picture taken March 7, 2019. REUTERS/Adnan Abidi/File Photo

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 and weakness in the Americas market.

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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Amazon shakes up AI team as veteran Prasad leaves, DeSantis promoted
Coinbase pushes into stock trading, event contracts as retail battle heats up
Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Brazil to get satellite internet from Chinese rival to Starlink in 2026
US gaming platform Roblox pledges changes to get Russian ban lifted
Oracle says Michigan data center project talks on track without Blue Owl
Coursera to buy Udemy, creating $2.5 billion firm to target AI training
Factbox-By the numbers: How the Netflix and Paramount bids for Warner Bros stack up
Warner Bros Discovery board rejects rival bid from Paramount
Analysis-Qatar bets on cheap power to catch up in Gulf AI race

Others Also Read