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LTIMindtree Ltd News

LTIMindtree stock gains on bagging mutli-million dollar contract extension

The share price rose after the company announced that it has secured mutli-million dollar contract extension from Absa Bank.

LTIMindtree stock gains on bagging mutli-million dollar contract extension
Updated On : 19 Jul 2024 | 2:03 PM IST

Momentum we saw in Q1 will be maintained in Q2: LTIMindtree CEO & MD

Debashish Chatterjee, chief executive officer and managing director of LTIMindree talks about the growth drivers

Momentum we saw in Q1 will be maintained in Q2: LTIMindtree CEO & MD
Updated On : 18 Jul 2024 | 7:38 PM IST

LTIMindtree bags multimillion dollar contract extension with Absa Bank

This strengthened partnership solidifies LTIMindtree's leadership in the banking, financial services, and insurance (BFSI) sector

LTIMindtree bags multimillion dollar contract extension with Absa Bank
Updated On : 18 Jul 2024 | 5:34 PM IST

LTIMindtree stock rises 3%, hits 6-month high on steady Q1 earnings

MOFSL upgraded LTIMindtree to BUY with a target price of Rs 7,000 due to its superior offerings in data engineering and ERP modernization, positioning it well to capture the pre-GenAI expenditures.

LTIMindtree stock rises 3%, hits 6-month high on steady Q1 earnings
Updated On : 18 Jul 2024 | 10:30 AM IST

LTIMindtree Q1 results: Net profit down by 1.5%, revenue increases by 5%

The company's first-quarter performance beat revenue but missed net profit estimates of Bloomberg

LTIMindtree Q1 results: Net profit down by 1.5%, revenue increases by 5%
Updated On : 17 Jul 2024 | 5:35 PM IST

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro

IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro
Updated On : 12 Jul 2024 | 9:56 AM IST

IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%

IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent

IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%
Updated On : 12 Jul 2024 | 10:19 AM IST

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs
Updated On : 01 Jul 2024 | 12:42 PM IST

S N Subrahmanyan appointed chairman of LTIMindtree as A M Naik steps down

L&T Infotech and Mindtree officially merged in 2019, with A M Naik serving as its founder chairman.

S N Subrahmanyan appointed chairman of LTIMindtree as A M Naik steps down
Updated On : 26 Jun 2024 | 1:46 PM IST

We are already seeing green shoots; FY25 will be a better year: LTIMindtree

When it comes to generative AI work, LTIMindtree has over 140 projects in production in this category

We are already seeing green shoots; FY25 will be a better year: LTIMindtree
Updated On : 25 Jun 2024 | 8:55 PM IST

5 Breakout stocks: Aavas, HFCL, Tata Chem can potentially zoom up to 20%

Chart check on May 27: LTIMindtree and Tata Technologies are the other two stocks seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday.

5 Breakout stocks: Aavas, HFCL, Tata Chem can potentially zoom up to 20%
Updated On : 27 May 2024 | 11:50 AM IST

LTIMindtree, IBM collaborate to set up GenAI Centre of Excellence for India

IT company LTIMindtree on Tuesday said it has collaborated with American technology company IBM to establish a global, joint Generative AI Center of Excellence (CoE) for India. The centre will focus on building point solutions to accelerate clients' generative AI adoption journeys. According to a company statement, the CoE plans to offer a comprehensive suite of services, combining LTIMindtree's expertise in data and machine learning model customisation and full-stack engineering with IBM watsonx technology, including watsonx.ai, watsonx.data, and watsonx.governance, and AI assistants. "Our collaboration, distinguished by the Center of Excellence, is an opportunity for our companies to work closely together to help funnel the latest AI research and innovations into technologies solving real-world business challenges," Kate Woolley, General Manager at IBM Ecosystem, said.

LTIMindtree, IBM collaborate to set up GenAI Centre of Excellence for India
Updated On : 07 May 2024 | 8:36 PM IST

Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%

Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.

Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%
Updated On : 25 Apr 2024 | 7:51 AM IST

LTIMindtree Q4 FY24: Net profit down 1.2% at Rs 1,100 cr; missed estimates

On the demand scenario, the management said that the firm expects Q1 FY25 to report growth

LTIMindtree Q4 FY24: Net profit down 1.2% at Rs 1,100 cr; missed estimates
Updated On : 24 Apr 2024 | 8:51 PM IST

LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%

Indian IT company LTIMindtree on Wednesday reported a 1.2 per cent decline in consolidated net profit to Rs 1,100.7 crore for the March quarter. The company had posted a net profit of Rs 1,114.1 crore in the year-ago period. Revenue from operations was pegged at Rs 8,892.9 crore in the fourth quarter of FY24, up 2.32 per cent from Rs 8,691 crore in the year-ago period, according to a BSE filing. For the full FY24, the net profit stood 4 per cent higher at Rs 4,584.6 crore. The revenue from operations for the full FY24 was Rs 35,517 crore, 7.03 per cent higher than the previous fiscal, as per the filing. "We closed FY24 amidst a tough macro environment and delivered a resilient performance with full-year revenue growth of 4.4 per cent in USD terms and an EBIT margin of 15.7 per cent," Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree, said in a release. The company's order inflow for the full year was at USD 5.6 billion, registering a 15.7 per cent

LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%
Updated On : 24 Apr 2024 | 5:36 PM IST

IT major LTIMindtree slumps 4% after two senior executives step down

The IT major, on Monday informed the exchanges that Pankaj Chugh, executive vice president, global sales and Gregory Dietrich, executive vice president, global sales, resigned from the services of the

IT major LTIMindtree slumps 4% after two senior executives step down
Updated On : 16 Apr 2024 | 1:17 PM IST

Integration challenges, valuations key hurdles for LTI Mindtree investors

Centrum Research believes that the company has sufficient operating levers that will help it report a higher margin in FY25 vs FY24

Integration challenges, valuations key hurdles for LTI Mindtree investors
Updated On : 15 Mar 2024 | 10:05 AM IST

LTIMindtree-Aramco JV to work on enhancing women employment in Saudi Arabia

The joint venture of tech consulting firm LTIMindtree and Aramco will mirror India's strategy to build a technology talent pool in Saudi Arabia and enhance women's employment in the country, a senior official of the Indian IT company said. LTIMindtree and Aramco have formed a joint venture to create a next-generation digital and IT services company in Saudi Arabia to provide technology services for the rapid digitisation of the Saudi market and build a local talent pool over a period of time. LTIMindtree President and Executive Board Member Sudhir Chaturvedi told PTI that the company's collaboration with Aramco Digital will establish a next-generation digital and IT services company in Saudi Arabia. "We are going to make sure that like we do in India, wherein we hire both experienced professionals as well as freshers from universities and then train them into the process. Essentially, we will replicate that model there, obviously with nuances, which are specific to the Saudi market.

LTIMindtree-Aramco JV to work on enhancing women employment in Saudi Arabia
Updated On : 24 Mar 2024 | 4:20 PM IST

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to take over

Chandra has been with the L&T Group since October 2013

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to take over
Updated On : 07 Mar 2024 | 2:50 PM IST

LTIMindtree, IBM, IIT Madras team up for quantum computing research

LTIMindtree, a global technology consulting and digital solutions company, on Wednesday said it has joined the IBM Quantum Network to explore innovations in quantum computing. LTIMindtree will collaborate with the Indian Institute of Technology (IIT) Madras, which is also an IBM Quantum Innovation Centre, to advance the quantum innovation ecosystem, the company said. "This move is a strategic step toward LTIMindtree helping their customers benefit from the transformative value of quantum computing technologies," the company said. LTIMindtree will have access to IBM resources, including IBM's global fleet of quantum computing systems over the cloud, software, and associated expertise. Aan Chauhan, Chief Technology Officer, LTIMindtree, said the collaboration with IBM and IIT Madras is an important step towards a future where quantum computing could help solve more complex problems faster and more efficiently. "It positions us to expedite our customers' journey towards realizing the

LTIMindtree, IBM, IIT Madras team up for quantum computing research
Updated On : 28 Feb 2024 | 4:45 PM IST