Tata Elxsi posts smallest profit growth in nearly four years

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The company’s profit rose marginally by 2.2 per cent year-on-year to 1.89 billion rupees ($23 million) in the quarter ended June 30, while revenue from operations climbed 17.1 per cent to 8.5 billion rupees ($103.6 million).

Large Indian IT services companies have flagged discretionary spending cuts by clients and an uncertain demand environment. (Image credit: Reuters)



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