Strong order inflow of USD 1.3 billion; marks a YoY growth of 20%
MUMBAI, India–(BUSINESS WIRE)–$LTIM #LTI—LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the second quarter ended September 30, 2023, as approved by its Board of directors.
“Our results in the second quarter were highlighted by strong revenue growth of 5.2% YoY, in USD terms, along with a healthy operating margin of 16% despite wage hikes across the organization. This all-round performance, in a challenging business environment, demonstrates the strength of our capabilities and disciplined execution.
Our robust order inflow at USD 1.3 billion, representing a 20% increase YoY, and growth across our client bands speaks to the strength of our client relationships, robust delivery and our ability to address the priorities of our clients across their efficiency and transformation mandates.”
-Debashis Chatterjee, Chief Executive Officer and Managing Director
Key financial highlights:
Quarter ended September 30, 2023
In USD:
– Revenue at $1,075.5 million (growth of 1.6% Q-o-Q / 5.2% Y-o-Y)
– Net profit at $140.4 million (growth of 0.2% Q-o-Q / decline of 5.0% Y-o-Y)
In INR:
– Revenue at ₹89,054 million (growth of 2.3% Q-o-Q / 8.2% Y-o-Y)
– Net profit at ₹11,623 million (growth of 0.9% Q-o-Q / decline of 2.2% Y-o-Y)
Other highlights:
Clients:
– 737 active clients as of September 30, 2023
– $10 million+ clients increased by 13 on a Y-o-Y basis, total 90
– $20 million+ clients increased by 3 on a Y-o-Y basis, total 41
– $50 million+ clients increased by 3 on a Y-o-Y basis, total 14
People:
– 83,532 professionals as of September 30, 2023
– Trailing 12 months attrition was 15.2%
Deal Wins
Partnerships
Recognitions
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Announcements
The Board of Directors have approved an interim dividend of ₹20 per equity share of par value ₹1 each.
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 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/.
Earnings Conference Call
Wednesday, Oct 18, 2023 (18:00 IST)
To join the Earnings conference call Register here / https://pohdyum.in/manage/event/56yql1mkil8g084w/LTIMIND
After registering, you will receive a confirmation email containing information about joining the webinar.
The Fact Sheet and Press Release will be available on LTIM’s website.
Transcript and recording will be available on:
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Contacts
Media Relations: shambhavi.revandkar@ltimindtree.com
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