Performance speaks of steadfast client focus through merger-resilient client-solutions portfolio, says Chatterjee
LTIMindtree [NSE: LTIM, BSE: 540005] says it ended 3 quarter as on 31 Dec 2022 with 723 active clients, revenue of US$1,046.7 million (growth of 2.4% q-o-q / 14.0% y-o-y) and net profit at $121.5 million (decline of 17.7% q-o-q / 13.3% y-o-y).
It listed the deals:
• A leading digital marketplace offering end-to-end solutions for the automotive industry signed a multiyear deal with LTIMindtree as its anchor digital transformation partner to consolidate all digital initiatives for enhancing efficiencies and accelerating time-to-market.
• A leading public utility company based in North America chose LTIMindtree as a long-term strategic partner for an infrastructure and cloud managed services deal.
• An energy and utilities company selected LTIMindtree to enable its digital transformation journey towards green energy.
• A North American energy company signed a managed services deal with LTIMindtree for a data, cloud-enablement, and infrastructure program.
• A leading global provider of transportation solutions selected LTIMindtree to modernize its core operations leveraging a cloud-based business applications platform.
• A North American P&C insurer selected LTIMindtree as a strategic partner for driving the transition from Quality Assurance to Quality Engineering. As part of this deal, LTIMindtree will drive an automation-first mindset to deliver efficiency and productivity improvements.
• A leading hospitality company awarded LTIMindtree a multiyear contract to provide agile-based product development, testing, and support services.
• A Canada-based automobile manufacturer signed a multiyear Application Management Services deal with LTIMindtree.
• A leading semiconductor manufacturer and technology provider selected LTIMindtree for a multiyear contract to provide platform-led, end-user services globally.
“Our performance speaks of our steadfast client focus through the merger and our resilient client and solutions portfolio. Clients across sectors are evincing keen interest in our unique value proposition spanning core to experience to edge,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree.
“The client imperative to dial up technology-led innovation for future-readiness holds significant long-term upside for our full-stack offerings and cross-industry exposure, boosting our endeavour to deliver industry-leading revenue growth in the future as well,” he said in a release on 21 Jan 2023.
Powered by nearly 90,000 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. fiinews.com
