Future Tech
India's Tech Mahindra beats Q1 revenue view on demand recovery
BENGALURU - Tech Mahindra, India's fifth-largest IT services firm by revenue, reported a smaller-than-expected fall in first-quarter revenue on Thursday, on the back of demand recovery in its manufacturing and healthcare segments.
Consolidated revenue in the first quarter fell 1.2% to 130.05 billion rupees ($1.55 billion). Analysts, on average, had expected revenue to fall 1.6% to 129.45 billion rupees, as per LSEG data.
- Reuters
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