LTIMindtree Delivers 2.6% QoQ USD Revenue Growth in CC
EBIT Margin improves to 15%
“While the environment remains unchanged, fiscal 25 started on a positive note for us with Q1FY25 revenue of
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Key financial highlights:
Quarter ended
- In USD:
- Revenue at
- Net profit at
- In INR:
- Revenue at
- Net profit at
Other highlights:
- Clients:
- 748 active clients as of
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- People:
- 81,934 professionals as of
- Trailing 12 months attrition was 14.4%
Deal Wins
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A major US airline chose LTIMindtree to provide Platform Engineering & Operations Services, leveraging its global delivery footprint in the US,
UK ,Poland andAustralia . - A US-based insurance and retirement corporate has chosen LTIMindtree as their partner for development and support in the Life & New Business area. This includes accountability for managing 100+ apps in the new business portfolio.
- A US-headquartered company that provides data center solutions to hyperscalers, cloud and enterprise customers has awarded LTIMindtree a multi-year deal to provide PoD-based managed services in the areas of application development, data engineering, infrastructure support, testing, and ITSM.
- A US-headquartered digital marketing company has expanded their relationship with LTIMindtree through a strategic outsourcing deal to accelerate their digital and cost transformation journey in the areas of quality assurance, data analytics and BI, data science, field analytics, and project management.
- A leading global designer and manufacturer of electric domestic appliances has chosen LTIMindtree as their anchor partner to deliver Quality Assurance Services.
- A leading Japanese automotive company awarded LTIMindtree a multi-year service desk support contract.
- A US-based non-profit organization has entrusted LTIMindtree with an Infrastructure & Cybersecurity Managed Services contract. This involves migration of Data Center to Cloud along with implementation and management of security and infra tools.
Partnerships
- LTIM has renewed its Strategic Collaboration Agreement with AWS. This partnership will see both entities work closely to enhance industry alignment across sales, solutions, and delivery. We will collaborate on developing joint solutions targeting key areas such as Generative AI, SAP, data management & migration, and modernization processes.
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LTIM won the AWS Champions Club
UK &Ireland 2024 for the most innovative deal category. The award was bestowed at the AWS UKI Partner Summit. LTIM was nominated for 2 GenAI opportunities using technologies like Amazon Sagemaker and Amazon Bedrock. -
LTIM has been recognized as the 2024 Google
Cloud Partner of the Year for the Manufacturing Industry Segment, highlighting its success in implementing Google Cloud technologies with specialized domain knowledge and automation. -
LTIM was awarded the Standard of Excellence award along with
Star Insurance Group at Duck Creek’s annual event Formation 2024, for simplifying the process of complex Insurance and delivering business effectiveness. LTIMindtree continues to help carriers transform and adopt new, digital AI enabled solutions with the skill, experience & security needed to achieve success.
Recognitions
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LTIMindtree recognized as a ‘Leader’ in
Avasant : Avasant’s Multisourcing Service Integration 2023-2024. -
LTIMindtree recognized as a ‘Leader’ and Star performer in
Everest Group : Duck Creek Services PEAK Matrix Assessment 2024. -
LTIMindtree recognized as a ‘Leader’ in
Everest Group : Capital Markets IT Services PEAK Matrix Assessment 2024. -
LTIMindtree recognized as a Major Contender and Star Performer in
Everest Group : Sustainability Enablement Technology Services PEAK Matrix 2024. -
LTIMindtree recognized as a Major Contender in
Everest Group : Mainframe Services PEAK Matrix 2024. -
LTIMindtree recognized as a Major Contender in
Everest Group : Enterprise Immersive Experience Services PEAK Matrix® Assessment 2024. -
LTIMindtree recognized as a Major Contender in
Everest Group : Adobe Services PEAK Matrix Assessment 2024. -
LTIMindtree recognized as a Major Contender in
Everest Group : Everest Healthcare Industry Cloud Services 2024. -
LTIMindtree recognized as a Major Contender in
Everest Group : Guidewire Insurance PEAK Matrix Assessment 2024. - LTIMindtree recognized as a Disruptor in HFS Horizons: HCP Service Providers, 2024.
- LTIMindtree recognized as an Enterprise Innovator in HFS Horizons: Industry Cloud Service Providers, 2024.
- LTIMindtree recognized in 'The Forrester Wave: Continuous Automation and Testing Services, Q2 2024'.
About LTIMindtree
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 81,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a
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Media Relations: shambhavi.revandkar@ltimindtree.com
Source: LTIMindtree