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Tech Mahindra misses revenue estimates
Mint New Delhi
|April 25, 2025
Tech Mahindra missed analyst estimates for fourth-quarter revenue on Thursday, as economic uncertainty weighed on spends by the software services exporter's clients, especially in its telecom vertical.
The company's communications vertical, which generates a third of its total revenue, has been struggling for the past several quarters as persistently high inflation in several countries has weighed on consumer spending, forcing clients to tighten their budgets. Revenue from the segment fell 2.2% year-on-year.
Cette histoire est tirée de l'édition April 25, 2025 de Mint New Delhi.
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