IT Consulting & Software company LTIMindtree announced Q1FY25 results: Financial Highlights: In USD: Revenue at USD 1,096.2 million (+2.5% QoQ / +3.5% YoY) Net profit at USD 136.1 million (+2.8% QoQ / -2.9% YoY) In INR: Revenue at Rs 91,426 million (+2.8% QoQ / +5.1% YoY) Net profit at Rs 11,351 million (+3.1% QoQ / -1.5% YoY) Other Highlights: Clients: 748 active clients as of June 30, 2024 USD 1 million+ clients increased by 2 on a YoY basis, total 390 USD 20 million+ clients increased by 3 on a YoY basis, total 43 People: 81,934 professionals as of June 30, 2024 Trailing 12 months attrition was 14.4% Debashis Chatterjee, Chief Executive Officer and Managing Director, said: “While the environment remains unchanged, fiscal 25 started on a positive note for us with Q1FY25 revenue of USD 1.1 billion, registering a 2.5% QoQ and 3.5% YoY revenue growth in USD terms. Our Q1FY25 EBIT expanded to 15% and order inflow remained stable at USD 1.4 billion. Our top 3 industry verticals and our largest geography have performed well sequentially. This is attributed to a measured uptick in IT spending for critical initiatives with clients balancing innovation and fiscal prudence.” Result PDF
Conference Call with LTIMindtree Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company LTIMindtree announced FY24 & Q4FY24 results: Q4FY24 Financial Highlights: • In USD: Revenue at USD 1,069.4 million (-1.3% QoQ / +1.1% YoY) Net profit at USD 132.4 million (-5.8% QoQ / -2.4% YoY) • In INR: Revenue at Rs 88,929 million (-1.4% QoQ / +2.3% YoY) Net profit at Rs 11,007 million (-5.9% QoQ / -1.2% YoY) FY24 Financial Highlights: • In USD: Revenue at USD 4,287.3 million (growth of 4.4% YoY) Net profit at USD 553.4 million (growth of 1.4% YoY) • In INR: Revenue at Rs 3,55,170 million (growth of 7.0% YoY) Net profit at Rs 45,846 million (growth of 4.0% YoY) Other highlights: • Clients: 738 active clients as of March 31, 2024. USD 5 million+ clients increased by 7 on a YoY basis, total 153. USD 10 million+ clients increased by 10 on a YoY basis, total 91. USD 20 million+ clients increased by 2 on a YoY basis, total 40. • People: 81,650 professionals as of March 31, 2024. Trailing 12 months attrition was 14.4%. Debashis Chatterjee, Chief Executive Officer and Managing Director said, “We closed FY24 amidst a tough macro environment and delivered a resilient performance with full-year revenue growth of 4.4% in USD terms and an EBIT margin of 15.7%. Our order inflow for the full year at USD 5.6 billion registered a 15.7% growth over FY23. This growth reflects the positive outcomes of our positioning as an organization with scale, expanded capabilities, and larger partnerships. As the market dynamics evolve, we are excited to be part of innovations, partnerships, and initiatives that our clients will embark on in FY 25.” Result PDF