$LTIM #DealWins--LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the second quarter ended Sep. 30, 2024...
Growth across all Verticals, EBIT Margin improves to 15.5%
Adds 2,500+ employees in Q2
BENGALURU, India: $LTIM #DealWins--LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the second quarter ended Sep. 30, 2024, as approved by its Board of Directors.
"Q2 was a good quarter marked by broad-based sequential growth experienced across all our verticals and geos, helping us register a dollar growth of 2.8%. We had several multi-year deal closures, including a USD 200 million+ deal. Continued deal momentum in key verticals and significant Q2 hiring, including freshers, positions us well as we enter into the latter half of the fiscal year.
"As GenAI becomes pivotal in customer interactions, there is a noticeable trend of modernization efforts focusing on transforming the data estate. Our robust Data practice, combined with our innovative LTIMindtree AI platform, establishes us as a significant disruptor."
- Debashis Chatterjee, Chief Executive Officer and Managing Director
Key financial highlights:
Quarter ended Sep 30, 2024
In USD:
- Revenue at $1,126.6 million (+2.8% Q-o-Q / +4.7% Y-o-Y)
- Operating Margin (EBIT) at 15.5%
- Net profit at $149.5 million (+9.8% Q-o-Q / +6.5% Y-o-Y)
In INR:
- Revenue at Rs 94,329 million (+3.2% Q-o-Q / +5.9% Y-o-Y)
- Net profit at Rs 12,516 million (+10.3% Q-o-Q / +7.7% Y-o-Y)
Other highlights:
Clients:
- 742 active clients as of Sep 30, 2024
- $5 million+ clients increased by 8 on a Y-o-Y basis, total 154
- $20 million+ clients increased by 1 on a Y-o-Y basis, total 42
People:
- 84,438 professionals as of Sep 30, 2024. Added 2,504 in Q2
- Trailing 12 months attrition was 14.5%
Deal Wins
Partnerships
Recognitions
Announcements
The Board of Directors have approved an interim dividend of Rs 20 per equity share of par value Rs 1 each.
About LTIMindtree
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit https://www.ltimindtree.com/.
Fonte: Business Wire
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