LTIMindtree Q2 beats estimates on BFSI strength, profit +12%
LTIMindtree delivered a stronger Q2 with consolidated revenue rising ~10.2% YoY, aided by robust demand from its Banking, Financial Services & Insurance verticals. The firm also posted ~12% increase in net profit, surpassing consensus estimates. Geographic mix and client concentration held steady, while large deal wins added optimism. The company’s U.S. exposure (~75% of revenue) held up, even as deal pipeline remains cautious. Analysts will watch margin pressure, deal flow, and execution in H2 amid macro uncertainty.
positive
1 day ago
LTIMindtree Q2 beats estimates on BFSI strength, profit +12%
LTIMindtree delivered a stronger Q2 with consolidated revenue rising ~10.2% YoY, aided by robust demand from its Banking, Financial Services & Insurance verticals. The firm also posted ~12% increase in net profit, surpassing consensus estimates. Geographic mix and client concentration held steady, while large deal wins added optimism. The company’s U.S. exposure (~75% of revenue) held up, even as deal pipeline remains cautious. Analysts will watch margin pressure, deal flow, and execution in H2 amid macro uncertainty.
positive
LTIMindtree Q2 beats estimates on BFSI strength, profit +12%
1 day ago
1 min read
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LTIMindtree posts ~10.2% revenue growth and ~12% profit rise in Q2, boosted by BFSI vertical performance.
LTIMindtree delivered a stronger Q2 with consolidated revenue rising ~10.2% YoY, aided by robust demand from its Banking, Financial Services & Insurance verticals. The firm also posted ~12% increase in net profit, surpassing consensus estimates. Geographic mix and client concentration held steady, while large deal wins added optimism. The company’s U.S. exposure (~75% of revenue) held up, even as deal pipeline remains cautious. Analysts will watch margin pressure, deal flow, and execution in H2 amid macro uncertainty.
LTIMindtree delivered a stronger Q2 with consolidated revenue rising ~10.2% YoY, aided by robust demand from its Banking, Financial Services & Insurance verticals. The firm also posted ~12% increase in net profit, surpassing consensus estimates. Geographic mix and client concentration held steady, while large deal wins added optimism. The company’s U.S. exposure (~75% of revenue) held up, even as deal pipeline remains cautious. Analysts will watch margin pressure, deal flow, and execution in H2 amid macro uncertainty.