India’s HCLTech drops after the full-year revenue decline view

BENGALURU, (Reuters) – Shares in Indian IT giant HCLTech dropped as much as 2.6% Friday following a drop in its revenue growth outlook for the fiscal year and delays in its decision making by European clients.

On Thursday, the Noida-based company reduced its revenue growth projections for the fiscal year ending March 31, to 13.5-14%. It was previously 13.5% to 14.5%.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Dhanya Ann Thoppil)