Tech Mahindra quarterly profit surges
Software services exporter Tech Mahindra Ltd posted a 30 percent jump in second-quarter profit, helped by higher revenue from its IT services segment.
Profit attributable to owners of the company rose to 8.36 billion rupees ($129.42 million) from 6.45 billion rupees a year earlier. http://bit.ly/2gTxUW7
Analysts on average had expected a profit of 7.18 billion rupees, according to Thomson Reuters Eikon data.
Revenue from operations rose six percent to 76.06 billion rupees, the company said.
($1 = 64.5950 rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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