Lti

LTIMindtree Q1FY24 results: Net profit rises 4.12% to Rs 1,152 crore

In constant currency (CC) terms, the company's revenue grew 8 per cent YoY

Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

IT major LTIMindtree replaces HDFC on NSE's benchmark Nifty 50 index

LTIMindtree was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022

Stocks to Watch today, July 5: LTIMindtree, Bandhan Bk, Lupin, Adani Power

Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index

Only 1-1.25% of Indian IT employees are above 50, more than 50% below 30

Only 1.1% of TCS employees are aged above 50 years. On the other hand, 52.69% of the company's employees are below the age of 30

LTIMindtree Q4 results: PAT up 0.5% YoY, dividend at Rs 40 per share

Revenue up by 11.9% Y-o-Y at Rs 8,691 cr

As MCA updates its portal, companies unable to complete essential filings

Market experts said, several of these companies were already in violation of the filing rules due to their inability to submit certain forms, thanks to the portal issues

LTIMindtree down 2%; sheds 9% in four days after market debut

LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger

Adani Power, Varun Beverages, ABB ripe for Nifty Next50 inclusion

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

LTI's net headcount set to go up this year, sees no decline in demand

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

Mega merger: LTIMindtree to join the big league with scale and ambition

Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree

L&T Infotech extends fall post Q4 results; stock slips 15% in three days

In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix

Here's why Mehul Kothari recommends buying L&T Infotech, Symphony

According to the technical analyst from Anand Rathi, Symphony may give decent gains in the coming 3 to 4 weeks.

Wipro, TCS: These IT stocks can soar 15% despite being in 'overbought' zone

While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure

Our hiring strategy is focused on spotting curious minds: LTI chief

In a Q&A, Sanjay Jalona, CEO and MD, LTI (earlier L&T Infotech), talks about the growth momentum, the Shoshin approach to hiring and talent development and acquisitions

LTI Q1 consolidated net profit up by 19.3% at Rs 496.8 cr

IT firm L&T Infotech (LTI) on Thursday reported a 19.3 per cent rise in consolidated net profit to Rs 496.8 crore for the June 2021 quarter, and declared a special dividend of Rs 10 per share. The company had registered a net profit of Rs 416.4 crore in the same period a year ago, LTI said in a statement. Its revenue was up 17.4 per cent to Rs 3,462.5 crore in the reported quarter from Rs 2,949.2 crore in the year-ago period, it added. "We are pleased to report our best ever Q1 sequential growth of 5.1 per cent, driven by holistic growth across our verticals, service lines, client pyramid and geographies. Our healthy pipeline and continued strong demand make us confident of our future growth," LTI CEO and Managing Director Sanjay Jalona said. The company, over the past five years, has delivered USD revenue CAGR of 13.5 per cent and more than doubled its net profit, he added. "I am proud of how we continue to innovate and deliver year on year industry-leading growth. I am also ...

Larsen & Toubro Infotech Q1 net profit dips 6.1%, revenue up 15.3%

Dollar revenue stood at $356.5 million at 12.9 per cent constant currency growth over the year

L&T's software arm to hire 3,800 freshers as it sees order book swelling

Engineering major L&T's software arm LTI will be hiring around 3,800 freshers this fiscal as it expects the business to grow at a faster clip, a top official has said. The company is working at a very high utilisation level now and wants to hire more to get down the level, chief executive Sanjay Jalona said. "We will be hiring 3,700-3,800 freshers this fiscal year as against the 3,000 freshers we hired in FY19," he told PTI over the phone. Additionally, it will also hire laterally as well as per project requirements on a "just-in-time" basis, he said. Asked whether the necessary talent is available on call, especially given the fact that a lot many companies are depending on the just-in time hiring model, Jalona said talent is the biggest issue which keeps him awake and the concerns have only aggravated lately. In FY19, the industry added 1.7 lakh new jobs, according to industry lobby Nasscom. However, industry executives keep expressing concerns over the quality of

LTI posts 35% profit growth, 29% revenue growth in Q1 at Rs 3.6 bn

LTI announced a large deal with a Global Fortune 100 consumer and pharmaceutical giant with a net-new total contract value win in excess of $50 mn