Some discretionary spend may return for high-tech sector: LTIMindtree chief

In a Q&A, Debashis Chatterjee, CEO & MD of the firm, talks about the reasons for its subdued growth, deals pipeline, and acquisitions strategy

LTIMindtree’s dollar revenue for Q1 stood at $1.05 billion, up 8.2 per cent in constant currency from the previous year but flat sequentially, as deal closures were delayed amid clients turning cautious in the face of the macro-economic uncertainties. Debashis Chatterjee, CEO & MD, LTIMindtree, talks about the reasons for subdued growth, deals pipeline, and acquisitions strategy, in an interview with Ayushman Baruah. Edited excerpts:  

What was the reason for LTIMindtree reporting flat revenue sequentially?  

There was a concern that we called out in the previous quarter itself that we are seeing some delays in onboarding some of our BFSI