BENGALURU (Reuters) – India’s Tech Mahindra reported a drop in fourth-quarter profit on Thursday as challenging macro-economic conditions prompted clients to tighten spending.
Consolidated net profit for the information technology services firm fell 25.8% to 11.18 billion rupees ($136.66 million)for the quarter ended March 31, from 15.06 billion rupees a year earlier.
($1 = 81.8100 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Sohini Goswami)
