BENGALURU (Reuters) – Indian IT services firm LTIMindtree reported a smaller-than-expected profit for the third quarter on Wednesday as a challenging macro environment led to clients cutting spending.
Consolidated net profit of India’s sixth-largest IT company rose 16.8% to 11.69 billion rupees ($140.63 million) for the three months ended Dec. 31, 2023, compared with analysts’ average estimate of 11.76 billion rupees, as per LSEG data.
($1 = 83.1230 Indian rupees)
(This story has been corrected to say Q3, not Q2, in the headline)
(Reporting by Haripriya Suresh in Bengaluru; Editing by Sonia Cheema)
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