The Indian outsourcing provider Tech Mahindra has issued a profit warning, blaming a “seasonally weak” mobility business for its drop in revenue in Q1 and 7 per cent fall in share prices.

Tech Mahindra bought rival outsourcing company Satyam in 2012, after the firm was involved in one of India’s biggest ever corporate fraud cases.

It’s been suggested that this profit warning could spell trouble for Tech Mahindra in the future, especially when the significant growth rate of other prominent Indian outsourcing firms is taken into account.

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