The company posted rupee revenues of ₹26,296 crore during the June quarter, which marked a 12.1% rise from a year earlier but fell 1.2% sequentially. Revenues grew 6.3% from a year earlier in constant currency (CC) terms.
The earnings lagged expectations of the company as well as of the Street. Commenting on the results, chief executive C. Vijayakumar said while Q1 is typically a soft quarter for the company with productivity benefits for a large number of contracts kicking in during the quarter, the performance has been "lower than our own expectations".
This story is from the July 13, 2023 edition of Hindustan Times.
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This story is from the July 13, 2023 edition of Hindustan Times.
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