logo
LTIMindtree resumes fresher hiring, aims to onboard around 5,000 freshers this fiscal

LTIMindtree resumes fresher hiring, aims to onboard around 5,000 freshers this fiscal

Time of India21-07-2025
Bengaluru: LTIMindtree has resumed fresher hiring, aiming to onboard around 5,000 freshers this fiscal year. Despite ongoing macroeconomic uncertainty affecting demand visibility in the IT services sector, LTIMindtree remains optimistic about talent acquisition and has returned to campus hiring this quarter.
Tired of too many ads? go ad free now
CEO Venu Lambu highlighted that the company is pursuing a "people-first, client-first" strategy—anchored in AI-driven transformation and a robust fresher hiring pipeline—to navigate current market challenges.
In an interview with TOI, Lambu confirmed that LTIMindtree onboarded 1,600 freshers in the June quarter alone and plans to hire between 4,000 and 5,000 freshers over the course of the year. "We restarted fresher hiring this quarter and will continue adding more throughout the year.
We have a comprehensive programme in place to train, upskill, and involve them in project shadowing," he said.
While many industry peers are tightening utilisation policies and reassessing bench strength, LTIMindtree's utilisation remains high at 88.1%. "To sustain growth, we need more people. In fact, I'd prefer to bring utilisation down slightly," the CEO added.
Regarding salary hikes and promotions, the company stated that the next appraisal cycle's decisions will be made between now and Sept.
LTIMindtree last implemented raises in Oct. "It's not that we haven't made decisions—it's just that the cycle allows time. Employees will be updated in due course," Lambu clarified.
In response to industry concerns about declining fresh graduate quality, LTIMindtree reiterated its commitment to structured onboarding. "We treat all our people as valuable assets. We emphasise continuous skilling and have invested heavily in AI-focused capabilities that benefit both employees and clients," the CEO said.
Tired of too many ads? go ad free now
LTIMindtree is also passing on productivity improvements from AI adoption to its customers. Its proprietary platform, Blueverse, has already contributed to significant early wins in large deals. These efficiencies are boosting internal operations as well, with AI-driven initiatives delivering a 50-basis point margin improvement and targeting an additional 100 basis points in upcoming quarters. Despite global economic headwinds, the company remains "cautiously optimistic," expecting to approach double-digit year-on-year growth in the second half of the financial year.
Operating margins grew sequentially by 50 basis points to 14.3%. The mid-tier IT firm reported strong client metrics, with the number of clients generating over $1 million in annual revenue rising 14% year-on-year to 404. The company had 741 active clients as of June 30. LTIMindtree's revenue grew modestly by 0.8% sequentially in the June quarter and 4.4% year-on-year in constant currency, supported by strong deal momentum despite a cautious global IT services environment.
Its operating margin improved by 50 basis points sequentially to 14.3%.
European operations demonstrated the strongest performance with 9.7% sequential growth, whilst North America, LTIMindtree's primary market, increased by 1.8%. "I think we had a good start. That means we expanded our revenue, we expanded our margins and I see the same momentum to continue as we go into the next few quarters of the year. We are working towards a plan where I would like to see if we can come very close to the double-digit year-on-year growth sometime in the second half and at the same time increase our margin by 100 basis points.
I think we did a good job at the end of the year," Lambu said.
Its order book rose to $1.6 billion, up 17% year-on-year. European operations demonstrated the strongest performance with 9.7% sequential growth, whilst North America, LTIMindtree's primary market, increased by 1.8%. "All of the large deals, there is significant infusion of AI and that's where we are committing productivity. That's how most of the last deals are sort of shaping up.
Number two is that in the existing business where we are serving customers, we're looking at opportunities where we can do more for them with less effort.
So in a sense, if we just look at it as productivity gain being passed as it is, then that's one way of looking at it. But if I can actually construct the engagements that is okay. Can I do more work for them with less? If that is possible, I actually get more work coming my way," he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Between curiosity and concern: How India's parents view tech in learning
Between curiosity and concern: How India's parents view tech in learning

Time of India

time31 minutes ago

  • Time of India

Between curiosity and concern: How India's parents view tech in learning

As technology becomes an inseparable part of classrooms and homes, Indian parents and educators are facing a new set of questions: Is technology truly helping children learn better, or is it adding to their worries? To find out, Intel, supported by the Times of India, conducted a nationwide survey of over one lakh respondents, giving voice to parents and educators as they shared their real concerns, hopes, and expectations around digital learning. The numbers speak volumes. Over 50% of parents when responding to a question on educational concerns said that their biggest worry is their child's lack of focus or discipline in learning, while 31% pointed to excessive academic pressure and stress. These aren't just abstract concerns — they reflect the daily struggles of parents trying to ensure meaningful, balanced learning in a rapidly changing world. However, these concerns don't have to translate into fear or resistance. With the right tools — such as an educator-recommended, Intel AI PC equipped with parental controls and learning apps — technology can become a powerful ally in a child's growth. Far from being just another distracting device, it can be a gateway to future-ready skills like coding, creativity, and critical thinking. You don't have to navigate this decision alone. With guidance from other parents, expert advice, and the right setup, your child can learn in a focused, safe, and meaningful way. You're not alone in your worries — and with the right support, your child can do more than just keep up. They can thrive. About the campaign: Intel presents The Learning Curve, supported by the Times of India, is an educational initiative aimed at addressing misconceptions about technology in education and empowering parents and educators with data-driven insights. For more resources and visit . Methodology: The survey questions were hosted on the TOI website and social platforms, including Times Parenting & TOI WhatsApp channels. The time period for the survey was 30 days.

LTIMindtree Share Price Live Updates: LTIMindtree Price Update and Trends
LTIMindtree Share Price Live Updates: LTIMindtree Price Update and Trends

Time of India

time3 hours ago

  • Time of India

LTIMindtree Share Price Live Updates: LTIMindtree Price Update and Trends

28 Jul 2025 | 10:00:05 AM IST Discover the LTIMindtree Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of LTIMindtree's latest details, including: Last traded price 5099.0, Market capitalization: 150812.27, Volume: 30366, Price-to-earnings ratio 32.02, Earnings per share 159.24. Our liveblog offers a holistic view of LTIMindtree by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact LTIMindtree's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the LTIMindtree Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 10:00:05 AM IST, 28 Jul 2025 Show more

MediBuddy eyes buyouts, funding for expansion
MediBuddy eyes buyouts, funding for expansion

Time of India

time6 hours ago

  • Time of India

MediBuddy eyes buyouts, funding for expansion

NEW DELHI: MediBuddy, a digital healthcare startup, has drawn plans to expand its services through strategic acquisitions and aims to secure fresh funding to bolster operations, a senior company official has said. "We remain committed to reaching new customers and enhancing our offerings," CEO Satish Kannan told TOI, adding that the company is actively evaluating acquisition opportunities in key healthcare segments such as chronic disease management, mental health, maternity, and women's health. "We are always keen to evaluate opportunities that align with our strategic business priorities. As part of our future growth strategy, we are actively exploring acquisitions to broaden our healthcare services," said Kannan. The startup's future road map involves both organic and inorganic expansion with the help of a user base that has grown.. "Mergers and acquisitions that align with our strategic vision will help us accelerate our mission of making quality healthcare accessible across India," said Kannan. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store