Page 5 - Ltimindtree

LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%

Indian IT company LTIMindtree on Wednesday reported a 1.2 per cent decline in consolidated net profit to Rs 1,100.7 crore for the March quarter. The company had posted a net profit of Rs 1,114.1 crore in the year-ago period. Revenue from operations was pegged at Rs 8,892.9 crore in the fourth quarter of FY24, up 2.32 per cent from Rs 8,691 crore in the year-ago period, according to a BSE filing. For the full FY24, the net profit stood 4 per cent higher at Rs 4,584.6 crore. The revenue from operations for the full FY24 was Rs 35,517 crore, 7.03 per cent higher than the previous fiscal, as per the filing. "We closed FY24 amidst a tough macro environment and delivered a resilient performance with full-year revenue growth of 4.4 per cent in USD terms and an EBIT margin of 15.7 per cent," Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree, said in a release. The company's order inflow for the full year was at USD 5.6 billion, registering a 15.7 per cent

IT major LTIMindtree slumps 4% after two senior executives step down

The IT major, on Monday informed the exchanges that Pankaj Chugh, executive vice president, global sales and Gregory Dietrich, executive vice president, global sales, resigned from the services of the

Still early days for GenAI on revenue side, says LTIMindtree CEO & MD

The desired results of the merger have been impacted by the prolonged slowdown that the industry is witnessing

Tech consultant LTIMindtree partners with Aforza to setup training academy

LTIMindtree Partners with Aforza to Setup Training Academy

Integration challenges, valuations key hurdles for LTI Mindtree investors

Centrum Research believes that the company has sufficient operating levers that will help it report a higher margin in FY25 vs FY24

LTIMindtree-Aramco JV to work on enhancing women employment in Saudi Arabia

The joint venture of tech consulting firm LTIMindtree and Aramco will mirror India's strategy to build a technology talent pool in Saudi Arabia and enhance women's employment in the country, a senior official of the Indian IT company said. LTIMindtree and Aramco have formed a joint venture to create a next-generation digital and IT services company in Saudi Arabia to provide technology services for the rapid digitisation of the Saudi market and build a local talent pool over a period of time. LTIMindtree President and Executive Board Member Sudhir Chaturvedi told PTI that the company's collaboration with Aramco Digital will establish a next-generation digital and IT services company in Saudi Arabia. "We are going to make sure that like we do in India, wherein we hire both experienced professionals as well as freshers from universities and then train them into the process. Essentially, we will replicate that model there, obviously with nuances, which are specific to the Saudi market.

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to take over

Chandra has been with the L&T Group since October 2013

LTIMindtree, IBM, IIT Madras team up for quantum computing research

LTIMindtree, a global technology consulting and digital solutions company, on Wednesday said it has joined the IBM Quantum Network to explore innovations in quantum computing. LTIMindtree will collaborate with the Indian Institute of Technology (IIT) Madras, which is also an IBM Quantum Innovation Centre, to advance the quantum innovation ecosystem, the company said. "This move is a strategic step toward LTIMindtree helping their customers benefit from the transformative value of quantum computing technologies," the company said. LTIMindtree will have access to IBM resources, including IBM's global fleet of quantum computing systems over the cloud, software, and associated expertise. Aan Chauhan, Chief Technology Officer, LTIMindtree, said the collaboration with IBM and IIT Madras is an important step towards a future where quantum computing could help solve more complex problems faster and more efficiently. "It positions us to expedite our customers' journey towards realizing the

LTIMindtree joins IBM Quantum Network to explore quantum computing

With the initiative, LTIMindtree said it hoped to establish a series of long-term projects, including applied research toward business and societal problems

Stocks to Watch today: RIL, LTIMindtree, Marurti, NBCC, Axis Bk, Zee, Sugar

Stocks to watch on Thursday, February 22, 2024: As many as 15 stocks are in F&O ban today including Ashok Leyland, Balrampur Chini, Biocon, India Cement, PVR Inox and Zee Entertainment.

LTIMindtree & Eurolife FFH partner to setup GenAl hubs in Europe, India

As a part of the partnership, Eurolife FFH will set up GenAI and Digital Hub in Athens to develop solutions for its insurance businesses in Greece

IT services provider LTIMindtree grooming two insiders for CEO job

Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi are the front-runners for the role

LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected

LTIMindtree's Q3 growth was affected by higher-than-expected furloughs and a continued slowdown in discretionary spending

A major portion of our deal pipeline is large deals: LTIMindtree MD & CEO

Debashis Chatterjee speaks about the overall demand environment and company's strategy

LTIMindtree Q3 results: Net profit rises 17% to Rs 1,169 cr, revenue up 5%

Chatterjee said in a post-earnings media call that the demand environment continues to be "cautionary" and client spends are now more focused on return on investment

LTIMindtree Q3 results: Profit rises 16.8% to Rs 1,169 cr, misses estimates

Consolidated net profit of India's sixth-largest IT company rose 16.8% to 11.69 billion rupees ($140.63 million) for the three months ended Dec. 31, 2023

Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM

Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point

LTIMindtree expands presence in LATAM, opens delivery centre in New Mexico

The delivery centre, inaugurated on December 14, will enable workforce transformation and localisation for LTIMindtree in the Americas

IT firm LTIMindtree selected as a strategic partner by Metasphere

Metasphere, part of Grundfos, provides smart network management solutions to the global utility industry

The future is flexible: IT companies juggle in-person with remote work

Some IT employees Business Standard spoke with said that their companies are offering them certain perks to work in a hybrid environment