KPIT Tech Q1 Results: Stock up 5%; Management commentary key after growth warning
KPIT Tech had highlighted on July 1, that it expects US Dollar revenue for the quarter to decline by 1% on a year-on-year basis. It had to issue the warning owing to a sudden drop in revenue over the last few weeks. The drop in revenue came due to the recent profit warnings and a deteriorating business outlook at multiple OEMs.
KPIT Tech had highlighted on July 1, that it expects US Dollar revenue for the quarter to decline by 1% on a year-on-year basis. It had to issue the warning owing to a sudden drop in revenue over the last few weeks. The drop in revenue came due to the recent profit warnings and a deteriorating business outlook at multiple OEMs.
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