Reported about 7 hours ago
L&T Technology Services of India reported disappointing third-quarter earnings, with revenue falling short of analyst expectations due to decreased spending from automotive clients. Revenue for the quarter ending December 31 rose 9.6% year-over-year to 26.53 billion rupees, below the anticipated 26.65 billion. The company has raised its revenue growth forecast for fiscal 2025 to nearly 10%, aided by the acquisition of Intelliswift, although net profit decreased by 4.1% amid rising costs.
Source: YAHOO