LTIMindtree Q4 misses estimates amid client spending, global uncertainty

IT services firm LTIMindtree reported lower-than-expected revenue and net profit for the March quarter, as clients continued to tighten spending on large-scale IT projects due to escalating geopolitical tensions and macroeconomic uncertainties.The company is not alone in missing the analysts’ estimates, its larger peers — Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro — also missed meeting the Street expectations on the revenue front.