LTIMindtree, a global technology consulting and digital solutions company, has announced its consolidated financial results for the second quarter of fiscal year 2025 (Q2FY25).
The company reported robust growth across various metrics, reflecting its strong market position and strategic initiatives.
In this report, we understand the key highlights of LTIMindtree’s Q2FY25 performance.
LTIMindtree Q2FY25 Results: Financial Performance
LTIMindtree’s revenue for Q2FY25 stood at $1,126.6 million, marking a 2.8% quarter-on-quarter (QoQ) growth and a 4.7% year-on-year (YoY) increase.
In INR terms, the revenue was ₹94,329 million, up by 3.2% QoQ and 5.9% YoY.
The company’s net profit for the quarter was $149.5 million, reflecting a 9.8% QoQ and 6.5% YoY growth.
The operating margin (EBIT) improved to 15.5%, showcasing efficient cost management and operational excellence.
Employee Headcount and Attrition Rate
As of September 30, 2024, LTIMindtree’s total employee strength was 84,438, with an addition of 2,504 employees during the quarter.
This significant hiring spree underscores the company’s commitment to scaling its operations and enhancing its service delivery capabilities.
The trailing-twelve-month attrition rate was reported at 14.5%, which is slightly higher than the previous quarter’s 14.4%.
LTIMindtree has been recognized for its innovative and employee-centric HR practices.
The company places a strong emphasis on continuous learning and development, offering various training programs and certifications to help employees upskill and stay relevant in the fast-evolving tech landscape.
Additionally, LTIMindtree promotes a culture of inclusivity and diversity, ensuring a supportive and collaborative work environment.
The company’s focus on mental health and well-being, through initiatives like wellness programs and flexible work arrangements, has also contributed to higher employee satisfaction and retention.
LTIMindtree Hiring Trends
The hiring trends at LTIMindtree indicate a strategic focus on expanding its talent pool to support its growth ambitions.
The company has been actively recruiting freshers and experienced professionals across various domains, including artificial intelligence, data analytics, cloud computing, and cybersecurity.
This targeted hiring approach aligns with LTIMindtree’s goal of strengthening its capabilities in emerging technologies.
The addition of over 2,500 employees in Q2FY25 alone reflects the company’s aggressive expansion plans and its confidence in the market opportunities ahead.
LTIMindtree Strategic Initiatives and Future Outlook
LTIMindtree’s strategic initiatives in Q2FY25 included several multi-year deal closures, including a significant $200 million+ deal.
The company’s robust data practice has positioned it as a key player in the digital transformation space.
As generative AI becomes increasingly pivotal in customer interactions, LTIMindtree’s focus on modernizing data estates and leveraging AI for operational efficiencies is expected to drive future growth.
The company’s leadership remains optimistic about the future, with continued deal momentum and strategic hiring.
CEO and MD Debashis Chatterjee highlighted the broad-based sequential growth.
The company experienced growth across all verticals and geographies, reinforcing the company’s strong market position.
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