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Time of India
2 days ago
- Business
- Time of India
LTIMindtree resumes fresher hiring, aims to onboard around 5,000 freshers this fiscal
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.
Business Standard
5 days ago
- Business
- Business Standard
LTIMindtree Q1 PAT climbs 11% QoQ to Rs 1,254 cr
LTIMindtree reported a 11.13% jump in consolidated net profit to Rs 1,254.10 crore on 0.71% increase in revenue from operations to Rs 9,840.60 crore in Q1 FY26 over Q4 FY25. On a year on year (YoY) basis, the companys net profit jumped 10.6% while revenue from operations increased 7.6% in Q1 FY26. Profit before tax (PBT) stood at Rs 1726.20 core in Q1 FY26, up 12.88% QoQ and 13.1% YoY. EBIT stood at Rs 1,406.5 crore in Q1 FY26, up 2.6% YoY and 4.5% QoQ. EBIT margin rose to 14.3% in Q1 FY26, compared with 13.8% in Q4 FY25. In dollar terms, the IT firms revenue stood at $1,153.3 million in Q1 FY26, up 2% QoQ and up 5.2% YoY. In constant currency terms, revenue increased 0.8% QoQ and 4.4% YoY. Order inflow jumped 16.43% to $1.63 billion in Q1 FY26, compared with $1.40 billion in Q1 FY25 and $1.60 billion n Q4 FY25. The company said that it added 17 new clients during the quarter ended 30th June 2025. The total client base currently stands at 741 active clients in Q1 FY26. On the talent front, the company reported a headcount of 83,889 professionals at the end of Q1 FY26. The firm's TTM attrition rate stood at 14.4% in Q1 FY26. Venu Lambu, chief executive officer and managing director, said, We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened our ability to scale for the future. While the macroeconomic environment remains challenging, Im confident that our disciplined execution and unwavering client focus will continue to drive our performance. 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. LTIMindtree is a Larsen & Toubro Group company. The counter declined 1.84% to Rs 5,095.65 on the BSE.
News18
5 days ago
- Business
- News18
LTIMindtree Delivers an All-Round USD Growth of 2% QoQ
Q1 PAT up 12.6% QoQ; Order Book at $1.6Bn, up 17% YoY Mumbai, Maharashtra, India – Business Wire India LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the first quarter ended June 30, 2025, as approved by its Board of Directors. 'We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened our ability to scale for the future. While the macroeconomic environment remains challenging, I'm confident that our disciplined execution and unwavering client focus will continue to drive our performance." • Venu Lambu, Chief Executive Officer and Managing Director Key financial highlights: Quarter ended June 30, 2025 • Net profit at $147.0 million (+12.6% Q-o-Q / +8.0% Y-o-Y) • Revenue at Rs. 98,406 million (+0.7% Q-o-Q / +7.6% Y-o-Y) • Net profit at Rs. 12,546 million (+11.2% Q-o-Q / +10.5% Y-o-Y) Other highlights: Clients: • 741 active clients as of June 30, 2025 • $1 million+ clients increased by 14 on a Y-o-Y basis, total 404 • $5 million+ clients increased by 11 on a Y-o-Y basis, total 159 • $10 million+ clients increased by 3 on a Y-o-Y basis, total 90 • $50 million+ clients increased by 2 on a Y-o-Y basis, total 14 People: • 83,889 professionals as of June 30, 2025 • Trailing 12-month attrition was 14.4% • Utilization (ex-trainees) at 88.1% Deal Wins • A global agribusiness leader selected LTIMindtree to implement an AI-driven model for application management, infrastructure support, and cybersecurity services. This suite of IT services includes SAP S/4HANA, ServiceNow, Microsoft Azure, and AI frameworks and focuses on efficiency and growth, driven by vendor consolidation. • A global leader in professional services has chosen LTIMindtree as part of their supplier consolidation initiative spanning Client Technology, Enterprise Technology, and Information Security. • A major European financial institution chose LTIMindtree as its long-term transformation partner to migrate from a legacy system to a flagship Transaction Processing Platform, integrating Gen AI and automation in the solution to accelerate delivery. • Selected as a strategic partner by a leading digital company in the Middle East to manage their supply chain and digital landscape. • A major utility company has engaged LTIMindtree to support the management and integration of applications across multiple ERP systems. • A foreign government organisation has entrusted LTIMindtree with implementing a digital transformation initiative to overhaul its tax system and modernize the tax administration process. • A leading recycling organisation in the Nordics has chosen LTIMindtree for a Managed service deal. • A leading US-based Oil & Gas major has entrusted LTIMindtree with a multi-delivery contract to cater across Cloud, Data, SAP, and AI services. Partnerships • LTIMindtree was honored with the 'Diversity in Security" award at the 2025 Microsoft Security Excellence Awards event, organized by the MISA. This award emphasizes the company's dedication to promoting inclusive security teams and providing innovative security solutions seamlessly integrated with Microsoft technology for clients around the world. • LTIMindtree was honored to be named 'Google Partner of the Year 2025 for Industry Solutions in Manufacturing" for the second year in a row. • LTIMindtree has been named a premier partner for AWS's RAPID GenAI assessment program. The program covers use case validation, data security, performance testing, migration, and integration, enabling faster deployment and co-investment in pre-sales. • LTIMindtree has been named the '2025 Databricks Business Transformation Partner" of the Year. Presented at the annual Data + AI Summit, the award highlights LTIM's exceptional contributions to driving data and AI-led transformation across industries. • LTIMindtree is recognized as the 'FY25 India Partner of the Year" by Boomi. As a valued Boomi partner, LTIMindtree has been instrumental in assisting joint customers in optimizing their business operations through Agentic AI, intelligent connectivity, and automation solutions. • At the annual Snowflake Summit 2025, LTIMindtree was honored with the 'Manufacturing & Industrials Data Cloud Services Partner of the Year" award by Snowflake, the AI Data Cloud company. Recognitions • LTIMindtree positioned as a Leader in ISG's Provider Lens™ SAP Ecosystem 2025 for 'RISE with SAP Implementation' and 'SAP Business AI & BTP services' globally. • LTIMindtree positioned as a Leader in ISG's Provider Lens™ Evaluation for Duck Creek Services Ecosystem 2025. • LTIMindtree recognized as a Leader in HFS Horizons: Energy & Utilities Service Providers, 2025. • LTIMindtree recognized as a Leader in Everest Group: Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Microsoft Modern Work Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Intelligent Process Automation Solutions PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Enterprise Platform Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Healthcare Data, Analytics and AI Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Digital Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as a Disruptor in HFS Horizons: Insurance Services, 2025. 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 83,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit Earnings Conference Call Date Thursday, July 17, 2025 Time 18:00 hours IST Format Brief management discussion followed by Q&A Registration Link top videos View all Click here to register (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 18, 2025, 10:45 IST News agency-feeds LTIMindtree Delivers an All-Round USD Growth of 2% QoQ Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Wire
5 days ago
- Business
- The Wire
LTIMindtree Delivers an All-Round USD Growth of 2% QoQ
Q1 PAT up 12.6% QoQ; Order Book at $1.6Bn, up 17% YoY Mumbai, Maharashtra, India – Business Wire India LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the first quarter ended June 30, 2025, as approved by its Board of Directors. 'We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened our ability to scale for the future. While the macroeconomic environment remains challenging, I'm confident that our disciplined execution and unwavering client focus will continue to drive our performance.' • Venu Lambu, Chief Executive Officer and Managing Director Key financial highlights: Quarter ended June 30, 2025 In USD: • Revenue at $1,153.3 million ( 2.0% Q-o-Q / 5.2% Y-o-Y) • Operating Margin (EBIT) at 14.3%, expands by 50 bps Q-o-Q • Net profit at $147.0 million ( 12.6% Q-o-Q / 8.0% Y-o-Y) In INR: • Revenue at Rs. 98,406 million ( 0.7% Q-o-Q / 7.6% Y-o-Y) • Net profit at Rs. 12,546 million ( 11.2% Q-o-Q / 10.5% Y-o-Y) Other highlights: Clients: • 741 active clients as of June 30, 2025 • $1 million clients increased by 14 on a Y-o-Y basis, total 404 • $5 million clients increased by 11 on a Y-o-Y basis, total 159 • $10 million clients increased by 3 on a Y-o-Y basis, total 90 • $50 million clients increased by 2 on a Y-o-Y basis, total 14 People: • 83,889 professionals as of June 30, 2025 • Trailing 12-month attrition was 14.4% • Utilization (ex-trainees) at 88.1% Deal Wins • A global agribusiness leader selected LTIMindtree to implement an AI-driven model for application management, infrastructure support, and cybersecurity services. This suite of IT services includes SAP S/4HANA, ServiceNow, Microsoft Azure, and AI frameworks and focuses on efficiency and growth, driven by vendor consolidation. • A global leader in professional services has chosen LTIMindtree as part of their supplier consolidation initiative spanning Client Technology, Enterprise Technology, and Information Security. • A major European financial institution chose LTIMindtree as its long-term transformation partner to migrate from a legacy system to a flagship Transaction Processing Platform, integrating Gen AI and automation in the solution to accelerate delivery. • Selected as a strategic partner by a leading digital company in the Middle East to manage their supply chain and digital landscape. • A major utility company has engaged LTIMindtree to support the management and integration of applications across multiple ERP systems. • A foreign government organisation has entrusted LTIMindtree with implementing a digital transformation initiative to overhaul its tax system and modernize the tax administration process. • A leading recycling organisation in the Nordics has chosen LTIMindtree for a Managed service deal. • A leading US-based Oil & Gas major has entrusted LTIMindtree with a multi-delivery contract to cater across Cloud, Data, SAP, and AI services. Partnerships • LTIMindtree was honored with the 'Diversity in Security' award at the 2025 Microsoft Security Excellence Awards event, organized by the MISA. This award emphasizes the company's dedication to promoting inclusive security teams and providing innovative security solutions seamlessly integrated with Microsoft technology for clients around the world. • LTIMindtree was honored to be named 'Google Partner of the Year 2025 for Industry Solutions in Manufacturing' for the second year in a row. • LTIMindtree has been named a premier partner for AWS's RAPID GenAI assessment program. The program covers use case validation, data security, performance testing, migration, and integration, enabling faster deployment and co-investment in pre-sales. • LTIMindtree has been named the '2025 Databricks Business Transformation Partner' of the Year. Presented at the annual Data AI Summit, the award highlights LTIM's exceptional contributions to driving data and AI-led transformation across industries. • LTIMindtree is recognized as the 'FY25 India Partner of the Year' by Boomi. As a valued Boomi partner, LTIMindtree has been instrumental in assisting joint customers in optimizing their business operations through Agentic AI, intelligent connectivity, and automation solutions. • At the annual Snowflake Summit 2025, LTIMindtree was honored with the 'Manufacturing & Industrials Data Cloud Services Partner of the Year' award by Snowflake, the AI Data Cloud company. Recognitions • LTIMindtree positioned as a Leader in ISG's Provider Lens™ SAP Ecosystem 2025 for 'RISE with SAP Implementation' and 'SAP Business AI & BTP services' globally. • LTIMindtree positioned as a Leader in ISG's Provider Lens™ Evaluation for Duck Creek Services Ecosystem 2025. • LTIMindtree recognized as a Leader in HFS Horizons: Energy & Utilities Service Providers, 2025. • LTIMindtree recognized as a Leader in Everest Group: Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Microsoft Modern Work Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Intelligent Process Automation Solutions PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Enterprise Platform Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Healthcare Data, Analytics and AI Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Digital Services PEAK Matrix® Assessment 2025. • LTIMindtree recognized as a Disruptor in HFS Horizons: Insurance Services, 2025. 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 83,000 talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit Earnings Conference Call Date Thursday, July 17, 2025 Time 18:00 hours IST Format Brief management discussion followed by Q&A Registration Link Click here to register (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
Business Upturn
5 days ago
- Business
- Business Upturn
LTIMindtree shares fall nearly 2% following Q1 results — Should you buy, hold or sell? Know more
By Aditya Bhagchandani Published on July 18, 2025, 09:26 IST Shares of LTIMindtree traded lower by nearly 2% on Friday at around ₹5,100.50, despite the company delivering a strong set of Q1 FY26 numbers that beat expectations on several fronts. The stock slipped from its previous close of ₹5,194.50 as investors digested the results and weighed valuations after a recent run-up. For the quarter ended June 30, 2025, LTIMindtree reported a 10.6% year-on-year (YoY) rise in net profit to ₹1,254.1 crore, from ₹1,133.8 crore a year ago. Sequentially, profit grew by about 11%. Revenue from operations increased 7.6% YoY to ₹9,840.6 crore, and marginally by 0.7% over the March quarter. EBIT improved 4.5% QoQ to ₹1,406.5 crore, with EBIT margin expanding to 14.3% from 13.8%, supported by operational efficiencies and strategic initiatives like Fit4Future and AI-led offerings. Order inflows were robust, rising to $1.63 billion, up 16.4% YoY and 1.9% QoQ, reflecting strong client confidence and a healthy deal pipeline. CEO & MD Venu Lambu called it a 'promising start to the year', citing improvements in growth, margins, and strategic execution. Notably, the company secured an AI-driven contract with a global agribusiness leader during the quarter. On the employee front, the board approved issuing 67,252 shares under its Employee Stock Option Plan, aimed at rewarding and retaining talent. Should you buy, hold or sell LTIMindtree shares? Brokerages remain upbeat on LTIMindtree's medium-term prospects despite the stock's muted reaction today. HSBC reaffirmed its 'Buy' rating , raising its target price to ₹6,000 from ₹5,900. It cited improved fundamentals, strong order wins, and leadership strategies that could help LTIMindtree outperform larger peers. HSBC also highlighted the company's AI initiatives like BlueVerse and Agentic AI ecosystem, which enhance its digital transformation and automation capabilities. While the stock faces short-term pressure after the results, analysts believe LTIMindtree's strategic focus on AI, operational efficiencies, and strong deal wins support its long-term growth outlook. Investors may consider staying invested, while awaiting further delivery in the coming quarters. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
