• Latest
  • Trending
LTIMindtree sees more senior level exits as two top executives quit

LTIMindtree to return to growth path in Q1 of FY25

24 April 2024
Trump launches crypto venture to fuel 2024 Presidential run

Indian state-owned oil firms cut Russian crude orders

1 August 2025
Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

1 August 2025
PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

1 August 2025
Turn your idea into an App without tech skills

Turn your idea into an App without tech skills

1 August 2025
LTIMindtree and Adobe launch CraftStudio to power smarter marketing

LTIMindtree and Adobe launch CraftStudio to power smarter marketing

31 July 2025
Top 10 Python skills every developer should learn

The building blocks of Python Syntax explained

31 July 2025
Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

31 July 2025
Retailers are not buying Trump’s ‘Eat the Tariffs’ advice

How Trump’s tariffs could impact India’s major industries?

31 July 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Iron ore vessel numbers remain tepid at Paradip Port

30 July 2025
Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

30 July 2025
Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

30 July 2025
Palo Alto Networks in talks to acquire CyberArk for over $20 billion

Palo Alto Networks in talks to acquire CyberArk for over $20 billion

30 July 2025
Friday, August 1, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

LTIMindtree to return to growth path in Q1 of FY25

in Blog
Reading Time: 2 mins read
0
LTIMindtree sees more senior level exits as two top executives quit

DBT Bureau

Bengaluru, 24 April

RelatedPosts

Turn your idea into an App without tech skills

The building blocks of Python Syntax explained

Why business users are choosing Python over Excel

LTIMindtree will come back to growth path in the first quarter of current financial year after witnessing a dip in its revenue in the fourth quarter of FY24.

In the quarter ended March 2024, the company’s consolidated revenue came in at Rs 8,892 crore, growing 2.3% over the same period of last year. However, in dollar term, revenue was at $1.07 billion, which was down by 1.3% over the previous quarter.

“We have already called out that we had higher than usual pass-throughs in Q3 and the absence of pass-throughs resulted in lower revenues coming in Q4. We had furloughs in Q3 and that was reversed in Q4, which impacted our overall revenue ramp-ups. There were slower ramp-ups in some of the large deals, we had closed earlier. That impacted the revenue uptick. What we can say is that we will definitely get back to growth path as far Q1 (FY25) is concerned,” CEO & MD of LTIMindtree, Debashis Chatterjee said at the post-results interaction with the press.

The mid-tier IT firm posted a 1.2% year-on-year (YoY) decline in its net profit at Rs 1,100 crore in Q4 of FY24. Its operating margin fell 70 basis points sequentially to 14.7% for the March quarter.

For the whole fiscal year, the company’s deal pipeline remained robust at $5.6 billion, a rise of 15.7% over FY23. Its total headcount stood at 81,650, which was a fall of 821 employees as compared to the previous quarter.

On the recent leadership exits, the company said attrition in the leadership is over as the company has completed the integration process.

“As far as leadership attrition is concerned, the merger is pretty much out of the way. We expected some attrition during the integration time. But that is all over. We have enough leadership bandwidth to tide over that. That’s what we are doing. That’s why you are seeing the uptick,” the CEO of LTIMindtree said.

In the last year, around a dozen senior-level executives had resigned from the company. Last week, Pankaj Chugh, executive vice president, global sales and Gregory Dietrich, executive vice president, global sales resigned from the company. Similarly, Vinit Teredesai resigned as the chief financial officer (CFO) of the company to explore opportunities outside the L&T group in March this year.

However, the company management asserted that it has enough hands to man critical positions for driving future growth.

Related Posts

Turn your idea into an App without tech skills

Turn your idea into an App without tech skills

by databiztimes.com
1 August 2025
0

Athira Sethu Kochi, 1 August 2025 No-code development is a simple and new means of creating apps, websites, and software,...

Top 10 Python skills every developer should learn

The building blocks of Python Syntax explained

by databiztimes.com
31 July 2025
0

Athira Sethu Kochi, 31 July 2025 Python syntax refers to the rules by which Python code is supposed to be...

Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Python is being used as an increasingly effective tool in the business world, with...

Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

by databiztimes.com
29 July 2025
0

Athira Sethu Kochi, 29 July 2025 Flask is a light Python web framework. It has been referred to as a...

Trump launches crypto venture to fuel 2024 Presidential run
world

Indian state-owned oil firms cut Russian crude orders

by databiztimes.com
1 August 2025
0

Athira Sethu Kochi, 1 August 2025 India is the world's third-largest oil importer. It also purchases more Russian oil transported...

Read moreDetails
Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts
Business

Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

by databiztimes.com
1 August 2025
0

DBT Bureau Pune, 1 August 2025 The Boeing Company posted second-quarter 2025 revenue of $22.7 billion, with a GAAP loss...

Read moreDetails
PwC’s latest M&A technology platform reimagines the way clients do deals
Technology

PwC’s latest M&A technology platform reimagines the way clients do deals

by databiztimes.com
1 August 2025
0

DBT Bureau Pune, 1 August 2025 PwC and its alliance partner, Harvey, have extended access to their latest co-developed technology,...

Read moreDetails
Turn your idea into an App without tech skills
Blog

Turn your idea into an App without tech skills

by databiztimes.com
1 August 2025
0

Athira Sethu Kochi, 1 August 2025 No-code development is a simple and new means of creating apps, websites, and software,...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?