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LTIMindtree beats estimates on BFSI strength, deals pipeline intact
LTIMindtree reports 12% profit rise and $1.
LTIMindtree reported a 12% net profit increase and 10.2% revenue growth for Q2, driven by strong demand in its banking, financial services and insurance (BFSI) vertical. The company secured deal wins totalling $1.59 billion and expects near-double-digit growth for the full year. Its U.S. market revenue rose 3.6% YoY. While global tech spending remains soft, the firm’s niche in BFSI systems modernization has given it an edge, and analysts say it remains well-positioned if deal momentum holds.