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BENGALURU (Reuters) – HCLTech, India’s No.3 IT services player, reported a smaller-than-expected fourth-quarter revenue on Friday amid decelerating tech spending among clients due to macro overhang.
The company posted a 7.1% increase in revenue on-year to 284.99 billion rupees ($3.42 billion), compared with average analysts’ estimates of 286.07 billion rupees, as per LSEG data.
($1 = 83.3552 Indian rupees)
(Sai Ishwarbharath B; Editing by Sohini Goswami)
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