India's LTIMindtree misses first-quarter revenue view

Indian IT services exporter LTIMindtree LTIM reported on Thursday lower-than-expected revenue for the first quarter, as global clients cut back on discretionary technology projects amid persistent economic uncertainty and geopolitical tensions.

Consolidated revenue for the first quarter rose 7.6% year-on-year to 98.41 billion rupees ($1.14 billion), missing analysts' average estimate of 98.51 billion rupees, according to LSEG data.

($1 = 86.0650 Indian rupees)