Q3FY23 Quarterly Result Announced for LTIMindtree Ltd.
IT Consulting & Software firm LTIMindtree announced Q3FY23 results: Q3FY23: In USD: Revenue at US$ 1,046.7 million (growth of 2.4% QoQ / 14.0% YoY) Net profit at US$ 121.5 million (decline of 17.7% QoQ / 13.3% YoY) In INR: Revenue at ?86,200 million (growth of 4.8% QoQ / 25.3% YoY) Net profit at ?10,007 million (decline of 15.8% QoQ / 4.7% YoY) Clients: 723 active clients as of December 31, 2022 US$ 1 million+ clients increased by 13, total 374 US$ 5 million+ clients increased by 7, total 144 US$ 10 million+ clients increased by 4, total 81 People: 86,462 professionals as of December 31, 2022 Trailing 12 months attrition was 22.3% “We are pleased to report a strong Q3 FY23, our first as LTIMindtree,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree. “The combined entity has started out with a USD 1 billion quarterly revenue run rate, a top-quartile constant currency year-over-year revenue growth of 16.3%, and a robust order inflow of USD 1.25 billion. Our performance speaks to our steadfast client focus through the merger and our resilient client and solutions portfolio. Clients across sectors are evincing keen interest in our unique value proposition spanning core to experience to edge. The client imperative to dial up technology-led innovation for future-readiness holds significant long-term upside for our full-stack offerings and crossindustry exposure, boosting our endeavour to deliver industry-leading revenue growth in the future as well.” Result PDF20-01-2023