LTIMindtree Q1 Revenue Misses Target

  Published 1 year ago

LTIMindtree’s Q1 revenue rose 7.6% YoY but missed estimates as global tech spending slows amid U.S. uncertainty.

  • Weak demand hit tech, media, and healthcare revenues; banking and manufacturing segments showed double-digit growth.
  • U.S. revenue, 75% of total, grew just 4.2%; deal wins rose to $1.63 billion from $1.4 billion last year.
  • Net profit beat estimates, rising 10.6% to ₹12.54 billion; shares fell 2.5% ahead of results release.

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