LTIMindtree: Deferred Gratification. Maintain ADD
LTIMindtree’s (LTIM) growth deceleration has been impacted by higher exposure to BFSI (with potential for deterioration due to client-specific...
290 Views
LTIMINDTREE Ltd. - Near-Term Challenges Persist; Tepid Results
In Q3FY24, LTIMindtree Ltd. (LTIMINDTREE) reported revenue of Rs 9,017 Cr, up 1.2% QoQ (0.7% QoQ in CC terms). This was slightly below our...
254 Views
HSIE Results Daily: Infosys, Axis Bank, Wipro, LTIMindtree, Mphasis, Karur Vysya Bank
INFO outperformed peers in Q2FY25 on anticipated lines (Infosys update: On your marks, get set…), driven by improved demand in BFSI (seven large...
177 Views
IT Sector (Q2FY25E Results Preview): Recovery in progress
The IT sector growth is in the middle of its recovery, having bottomed out two quarters ago, and is expected to achieve a high single-digit over...
242 Views
IT Sector: Recovery Signs
Key takeaways included (1) continued (prosaic) commentary on cost optimisation focus but signs of improvement in demand (2) stable to upward bias...
400 Views