India’s fourth-largest IT services exporter missed both profit and revenue estimates. An ET poll of brokerages had forecast a revenue of Rs 24,731 crore and net profit of Rs 3,464 crore for the quarter ended June. Brokerages, on an average, expected a 12% year-on-year growth in revenue, with a gain of 2% in net profit.
India’s fourth-largest IT services exporter missed both profit and revenue estimates. An ET poll of brokerages had forecast a revenue of Rs 24,731 crore and net profit of Rs 3,464 crore for the quarter ended June. Brokerages, on an average, expected a 12% year-on-year growth in revenue, with a gain of 2% in net profit.
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