India's Tech Mahindra posts marginal first-quarter revenue miss
16/07/2025 11:47
BENGALURU, July 16 (Reuters) - India's Tech Mahindra TEML.NS reported a marginally lower-than-expected first-quarter revenue on Wednesday as clients tightened non-essential spending amid tariff-related uncertainty. 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. Analysts, on average, expected 133.83 billion rupees, as per data compiled by LSEG. ($1 = 85.9340 Indian rupees) (Reporting by Sai Ishwarbharath B and Haripriya Suresh; Editing by Janane Venkatraman ) ((saiishwarbharath.b@thomsonreuters.com;))
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