India’s LTIMindtree misses Q2 revenue view

Indian IT services firm LTIMindtree missed quarterly revenue estimates on Thursday, hurt by weak tech spending.

The company’s consolidated revenue rose 5.9 per cent 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)

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Channel News Asia: