Tech Mahindra first-quarter profit rises about 7 percent, beats estimates
Tech Mahindra Ltd, India`s fifth biggest software services exporter, on Monday reported an about 7 percent increase in first-quarter net profit, beating estimates, helped by higher revenue from its IT segment.
Profit for the three months ended June 30 stood at 7.99 billion rupees ($124.55 million), compared with 7.49 billion rupees last year. http://bit.ly/2uQ0PRd
Total revenue rose about 8 percent to 77.47 billion rupees.
Analysts on average had expected a profit of 6 billion rupees, Thomson Reuters I/B/E/S data showed.
Revenue from its IT segment rose about 7 percent to 68.63 billion rupees.($1 = 64.1500 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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