India's Tech Mahindra misses fourth-quarter revenue view (April 24)

(This April 24 story has been corrected to specify 'fourth-quarter,' not 'first-quarter,' in the headline and change the date to 'March 31' from 'March 30' in paragraph 2)

HYDERABAD (Reuters) - Indian software services exporter Tech Mahindra reported a smaller-than-expected fourth-quarter revenue on Thursday as weakness in communications and hi-tech verticals continued to drag the company's revenues.

Consolidated revenue rose 4% to 133.84 billion rupees ($1.57 billion) year-on-year in the quarter ended March 31. Analysts, on average, expected revenue to come in at 134.52 billion rupees, as per data compiled by LSEG.

($1 = 85.2750 Indian rupees)

(Reporting by Haripriya Suresh; Editing by Nivedita Bhattacharjee)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla's European registrations mixed in August, with strong France, Denmark supporting growth
• Norway's new king to swear oath before parliament after Harald's death
• Poland pivots to home-grown defence production as it builds Europe's biggest army