Not impacted by banking crisis, BFSI vertical still growing: LTIMindtree MD

We can say that the merger activities were completed in record time, says Debashis Chatterjee the CEO and Managing Director of the firm

Sourabh Lele New Delhi
Debashis Chatterjee, the CEO & MD of LTIM

Debashis Chatterjee, CEO & MD, LTIMindtree

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Clients prioritising cash preservation and delaying the start of new projects may lead to soft growth in Q1 of FY24 for LTIMindtree. However, it aspires to achieve double-digit revenue growth in financial year 2024, says Debashis Chatterjee, chief executive officer (CEO) and managing director (MD) in an interview with Sourabh Lele. Edited excerpts:
Revenue from operations grew only marginally in Q4. Is there any deferment from the deals signed in previous quarters amid the changing economic environment?
We can call it a delayed start, that's what we have witnessed. There is a delay in decision making, which is causing a delayed start. It is something that happened in Q4 as well. And, I think the impact of some of this delay will be felt in Q1 as well. Last year, around this time, when we were talking about deals, it was mostly transformation deals. This year, we are talking about many cost-

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First Published: Apr 28 2023 | 7:16 PM IST

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