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LTIMindtree Delivers 1.8% QoQ and 5.6% YoY Revenue Growth in CC

Jan 16, 2025 - financialpost.com
LTIMindtree, a global technology consulting and digital solutions company, reported its financial results for the third quarter ending December 31, 2024. The company achieved a revenue of USD 1.14 billion, marking a sequential growth of 1.8% in constant currency and 1.1% in USD terms. The quarter saw a historic high order inflow of USD 1.68 billion, up 29% sequentially, driven by its AI strategy. Despite the revenue growth, net profit decreased by 14.3% quarter-on-quarter to USD 128.1 million. The company added over 2,300 employees, bringing its total workforce to 86,800 professionals.

LTIMindtree secured several significant deals, including partnerships with global manufacturers and investment firms for AI-driven IT and infrastructure services. The company also strengthened its partnerships with AWS and Microsoft to enhance AI innovation and digital transformation capabilities. Recognized in various industry assessments, LTIMindtree was acknowledged as a 'Major Contender' in multiple Everest Group PEAK Matrix® Assessments and positioned as a 'Visionary' in Gartner's Magic Quadrant™ for Cloud ERP Services.

Key takeaways:

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  • LTIMindtree reported a revenue of USD 1.14 billion for Q3FY25, with a sequential growth of 1.8% in constant currency.
  • The company achieved a historic high order inflow of USD 1.68 billion, up 29% sequentially.
  • LTIMindtree added over 2,300 employees for the third consecutive quarter, reaching a total of 86,800 professionals.
  • LTIMindtree was recognized in multiple industry reports and achieved several partnerships, enhancing its credibility in AI and digital transformation.
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