In spite of slow start, we will definitely achieve double digit growth in FY24: Debashis Chatterjee, LTI Mindtree

Especially in BFS, we have seen a few clients getting into a hiring freeze. So those are primarily the reasons why we did not see the ramp up that we expected earlier but at the same time, our pipeline is very strong.
28-04-2023
Bigul

LTIMindtree Results Earnings Call for Q4FY23

Conference Call with LTIMindtree Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
27-04-2023
Bigul

Q4FY23 Quarterly & FY23 Annual Result Announced for LTIMindtree Ltd.

IT Consulting & Software company LTIMindtree announced Q4FY23 & FY23 results: Q4FY23 (USD): Revenue at USD 1,057.5 million (growth of 1.0% QoQ / 11.9% YoY) Net profit at USD 135.6 million (growth of 11.6% QoQ / decline of 7.8% YoY) Q4FY23 (INR): Revenue at Rs 86,910 million (growth of 0.8% QoQ / 21.9% YoY) Net profit at Rs 11,141 million (growth of 11.3% QoQ / 0.5% YoY) FY23 (USD): Revenue at USD 4,105.7 million (growth of 17.2% YoY) Net profit at USD 545.7 million (growth of 3.0% YoY) FY23 (INR): Revenue at Rs 3,31,830 million (growth of 27.1% YoY) Net profit at Rs 44,103 million (growth of 11.7% YoY) “We are pleased to report a strong FY23, with a broad-based full-year revenue growth of 19.9% in constant currency,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree. He added, “This industry-leading performance positions us well to deliver continued profitable growth in FY24. As we move to unified systems & processes, we are ready to exploit the synergies. Our Q4 revenue came in at a healthy USD 1.06 billion - up 13.5% year-over-year in constant currency and 11.9% in reported USD terms. Our order inflow for the quarter came in at USD 1.35 billion, helping us close the full-year order inflow at USD 4.87 billion. We added 31 new clients for Q4 and increased our count of USD 50 million plus customers by 2 to 13. Our full-year operating margin was at 16.2% and the basic EPS was at INR 149.1. Client requirements have changed over the last quarter, and we are now meeting the new requirements to deliver cost savings which are being directed to fund in-flight transformation programs.” Result PDF
27-04-2023
Bigul

LTIMindtree Ltd - 540005 - Corporate Action-Board approves Dividend

Recommendation of final dividend by Board of Directors for approval of shareholders
27-04-2023
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