LTM Beats Second Quarter Revenue Forecasts
Indian IT services firm LTM reported a stronger than expected second quarter revenue rising 13.6 percent year on year. However consolidated profit missed analyst forecasts falling slightly to 13.98 billion rupees.
Insights:
India's IT services provider LTM posted second-quarter revenue of 118.08 billion rupees ($1.24 billion), beating estimates despite margin pressure. Consolidated revenue rose 13.6% year-on-year for the period ended September 30. LSEG consensus had forecast 117.79 billion rupees.
