BENGALURU (Reuters) – India’s Tech Mahindra on Wednesday reported a fall in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb discretionary spending.
The company’s consolidated net profit fell 38.8% to 6.93 billion rupees ($84.5 million) for the quarter ended June 30.
($1 = 81.9937 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Varun H K)
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