Friday, February 3, 2023
24*7 News World
  • Home
  • World
    Photos by P.K.Ananth Kumar

    TOURISM MALAYSIA COLLABORATES WITH JAGADISH TOURS TO INITIATE MURAL DISPLAYCAMPAIGN FEATURING MISS SHOPIA GO TRAVEL AT BENGALURU

    Les Roches to incubate UNWTO Winning Start-ups for “Awake Tourism Challenge”

    Beautiful, Classy and Innovative: Elevate Your Kitchen with Samsung BESPOKE Refrigerators!

    Samsung Launches Galaxy S23 Series in India; Pre-book Now for Exciting Offers

    Explore Australia with Great Travel Deals

    1 Day to Go: Epic Nights are Coming Soon

  • Business

    SUMMARY OF THE ECONOMIC SURVEY 2022-23

    Sun Pharma reports Q3FY23 results

    GM Releases 2022 Fourth-Quarter and Full-Year Results, and 2023 Guidance

  • Health

    Novel treatment for Parkinson’s disease – Deep Brain Stimulation with Brainsense technology offered at Kasturba Hospital Manipal

    Breakthrough In Facial Nerve Schwannoma Treatment, Apollo Doctors Perform Endoscopic Transcanal Excision

    Primus Senior Homes teams up with LiveAltlife to conduct a diabetes awareness session

    “Diabetes is a serious & rapidly growing lifestyle health issue in the world.- Mr. James Joseph, Founder, Jackfruit365.com

    INDIA’S FIRST ALL-DIGITAL RESTAURANTS – KFC SMART RESTAURANTS

    “We are planning to set up an in-house facility that offers CAR-T therapy and want to make CAR-T cell therapy affordable to Indians.” Dr. Devi Shetty..Chairman and Founder, Narayana Health

  • Technology
    • All
    • Environment
    • Science

    Wipro Recognized As A ‘Leader’ in the ISG Provider Lens™ 2022 for Future of Work – Services and Solutions in the Swiss and US markets

    Novel treatment for Parkinson’s disease – Deep Brain Stimulation with Brainsense technology offered at Kasturba Hospital Manipal

    o9 Solutions Delivers End-to-End Supply Chain Transformation at Godfrey Phillips India

    Chennai-based HR firm CIEL announces Strategic Investment in Tech Platforms as part of its IPO Roadmap

    Concept Communication announces AVTR META LABS – India’s First Content Driven Meta Influencer Company

    ONDC network starts beta testing with consumers in Bengaluru

  • Auto

    Xceed: Third generation of the BMW X1 launched in India.

    Triton EV Becomes First Indian Auto Company to Announce Hydrogen Fuel-Powered Trucks

    All-New Marketing Campaign for Hyundai’s IONIQ 6 Explains Why It’s Time to Go Electric

    BMW Group once again reduces CO2 emissions across vehicle fleet in 2022

  • Sports

    Karnataka’s Rising Stars: FCBU Academy Players set to shine at Khelo India Youth Games

    Bengaluru gets another Badminton Centre of Excellence

    From Left to Right: Mr.UpulNawarathnaBandara, Mr.CryshanthaKapuwaththa, Mr. Arjun Ranga, Ms.ChamariAtapattu, and Mr.EassuwarenSubramaniam

    Cycle Pure Agarbathi Announces the Official Sponsorship of Sri Lanka Women’s Cricket Team for ICC Women’s T20 World Cup 2023

    New-look Bengaluru Torpedoes aim for glory at RuPay Prime Volleyball League powered by A23

  • Entertainment

    Intel Reports Fourth-Quarter and Full-Year 2022 Financial Results

    Chandrajit Banerjee, DG, CII conferred award by Italian Government

    Mirchi 95 collaborates with Cult.Fit to create the first-ever drive-time workout

    Dar Al Arkan introduces Trump signature villas, hotel, and golf course at its hilltop project ‘AIDA’ in Muscat, Oman

    Dar Al Arkan introduces Trump signature villas, hotel, and golf course at its hilltop project ‘AIDA’ in Muscat, Oman

    Ravi Kale, Dheeraj Kumar, Sasha Chettri, Madhav Kodad, Manoj Joshi and Shyam Kumar Reddy

    Poster and Teaser of Hindi – Telugu Film Prestitute Launched

    Karanvir Bohra and Poonam Pandey launched the poster of their song 'Tere Jism Se'

    Karanvir Bohra and Poonam Pandey sizzle in Karan Patel’s Rising Indie Music’s ‘Tere Jism Se’

  • National
    • All
    • Elections

    LCA Tejas at the centre stage of ‘India Pavilion’ at Aero India 2023

    Samsung Inaugurates its Largest Experience Store in North India at the Iconic Connaught Place in Delhi

    KENYA SHOWCASES DESTINATION ATTRACTIONS TO ATTRACT INDIAN OUTBOUND MARKET

    Barry M, UK’s leading Color Cosmetics Brand enters India, joins forces with Myntra for the launch

    General Election to the Legislative Assemblies of Meghalaya, Nagaland & Tripura, 2023- Media Coverage during the period referred to in Section 126 of the R.P. Act, 1951

    Tata Soulfull participates in Millets & Organics – International Trade Fair 2023, strengthens efforts in making millets mainstream

  • Lifestyle
    • All
    • Food
    • Travel

    SPOTTED! Ananya Panday Styled in JIMMY CHOO’s India-Exclusive SHAAN Capsule Collection

    The Lip Balm Company Celebrates 1st Anniversary with the Launch of Nayanthara Queen Bee Collection

    Havells Launches Unconventionally Beautiful Range of Storage Water Heaters- Otto and Orizzonte

    Ramanujan Intellion Park, Chennai

    Tata Realty and Infrastructure Ltd. Announces Enterprise-Wide Engagement in WELL

    LG LAUNCHES NEW RANGE OF FROST FREE REFRIGERATORS

    Bengalurians to Run for Cancer Patients

No Result
View All Result
24*7 News World
  • Home
  • World
    Photos by P.K.Ananth Kumar

    TOURISM MALAYSIA COLLABORATES WITH JAGADISH TOURS TO INITIATE MURAL DISPLAYCAMPAIGN FEATURING MISS SHOPIA GO TRAVEL AT BENGALURU

    Les Roches to incubate UNWTO Winning Start-ups for “Awake Tourism Challenge”

    Beautiful, Classy and Innovative: Elevate Your Kitchen with Samsung BESPOKE Refrigerators!

    Samsung Launches Galaxy S23 Series in India; Pre-book Now for Exciting Offers

    Explore Australia with Great Travel Deals

    1 Day to Go: Epic Nights are Coming Soon

  • Business

    SUMMARY OF THE ECONOMIC SURVEY 2022-23

    Sun Pharma reports Q3FY23 results

    GM Releases 2022 Fourth-Quarter and Full-Year Results, and 2023 Guidance

  • Health

    Novel treatment for Parkinson’s disease – Deep Brain Stimulation with Brainsense technology offered at Kasturba Hospital Manipal

    Breakthrough In Facial Nerve Schwannoma Treatment, Apollo Doctors Perform Endoscopic Transcanal Excision

    Primus Senior Homes teams up with LiveAltlife to conduct a diabetes awareness session

    “Diabetes is a serious & rapidly growing lifestyle health issue in the world.- Mr. James Joseph, Founder, Jackfruit365.com

    INDIA’S FIRST ALL-DIGITAL RESTAURANTS – KFC SMART RESTAURANTS

    “We are planning to set up an in-house facility that offers CAR-T therapy and want to make CAR-T cell therapy affordable to Indians.” Dr. Devi Shetty..Chairman and Founder, Narayana Health

  • Technology
    • All
    • Environment
    • Science

    Wipro Recognized As A ‘Leader’ in the ISG Provider Lens™ 2022 for Future of Work – Services and Solutions in the Swiss and US markets

    Novel treatment for Parkinson’s disease – Deep Brain Stimulation with Brainsense technology offered at Kasturba Hospital Manipal

    o9 Solutions Delivers End-to-End Supply Chain Transformation at Godfrey Phillips India

    Chennai-based HR firm CIEL announces Strategic Investment in Tech Platforms as part of its IPO Roadmap

    Concept Communication announces AVTR META LABS – India’s First Content Driven Meta Influencer Company

    ONDC network starts beta testing with consumers in Bengaluru

  • Auto

    Xceed: Third generation of the BMW X1 launched in India.

    Triton EV Becomes First Indian Auto Company to Announce Hydrogen Fuel-Powered Trucks

    All-New Marketing Campaign for Hyundai’s IONIQ 6 Explains Why It’s Time to Go Electric

    BMW Group once again reduces CO2 emissions across vehicle fleet in 2022

  • Sports

    Karnataka’s Rising Stars: FCBU Academy Players set to shine at Khelo India Youth Games

    Bengaluru gets another Badminton Centre of Excellence

    From Left to Right: Mr.UpulNawarathnaBandara, Mr.CryshanthaKapuwaththa, Mr. Arjun Ranga, Ms.ChamariAtapattu, and Mr.EassuwarenSubramaniam

    Cycle Pure Agarbathi Announces the Official Sponsorship of Sri Lanka Women’s Cricket Team for ICC Women’s T20 World Cup 2023

    New-look Bengaluru Torpedoes aim for glory at RuPay Prime Volleyball League powered by A23

  • Entertainment

    Intel Reports Fourth-Quarter and Full-Year 2022 Financial Results

    Chandrajit Banerjee, DG, CII conferred award by Italian Government

    Mirchi 95 collaborates with Cult.Fit to create the first-ever drive-time workout

    Dar Al Arkan introduces Trump signature villas, hotel, and golf course at its hilltop project ‘AIDA’ in Muscat, Oman

    Dar Al Arkan introduces Trump signature villas, hotel, and golf course at its hilltop project ‘AIDA’ in Muscat, Oman

    Ravi Kale, Dheeraj Kumar, Sasha Chettri, Madhav Kodad, Manoj Joshi and Shyam Kumar Reddy

    Poster and Teaser of Hindi – Telugu Film Prestitute Launched

    Karanvir Bohra and Poonam Pandey launched the poster of their song 'Tere Jism Se'

    Karanvir Bohra and Poonam Pandey sizzle in Karan Patel’s Rising Indie Music’s ‘Tere Jism Se’

  • National
    • All
    • Elections

    LCA Tejas at the centre stage of ‘India Pavilion’ at Aero India 2023

    Samsung Inaugurates its Largest Experience Store in North India at the Iconic Connaught Place in Delhi

    KENYA SHOWCASES DESTINATION ATTRACTIONS TO ATTRACT INDIAN OUTBOUND MARKET

    Barry M, UK’s leading Color Cosmetics Brand enters India, joins forces with Myntra for the launch

    General Election to the Legislative Assemblies of Meghalaya, Nagaland & Tripura, 2023- Media Coverage during the period referred to in Section 126 of the R.P. Act, 1951

    Tata Soulfull participates in Millets & Organics – International Trade Fair 2023, strengthens efforts in making millets mainstream

  • Lifestyle
    • All
    • Food
    • Travel

    SPOTTED! Ananya Panday Styled in JIMMY CHOO’s India-Exclusive SHAAN Capsule Collection

    The Lip Balm Company Celebrates 1st Anniversary with the Launch of Nayanthara Queen Bee Collection

    Havells Launches Unconventionally Beautiful Range of Storage Water Heaters- Otto and Orizzonte

    Ramanujan Intellion Park, Chennai

    Tata Realty and Infrastructure Ltd. Announces Enterprise-Wide Engagement in WELL

    LG LAUNCHES NEW RANGE OF FROST FREE REFRIGERATORS

    Bengalurians to Run for Cancer Patients

No Result
View All Result
24*7 News World
No Result
View All Result
Home Business

LTIMindtree Reports Strong Performance in Q3 FY23

FWM by FWM
January 21, 2023
in Business
0 0
0
0
SHARES
1
VIEWS
Constant Currency Revenue up 16.3% YoY; Order Inflow at USD 1.25 billion
Mumbai, Maharashtra, India:  LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the third quarter ended December 31, 2022, as approved by its Board of directors.
“We are pleased to report a strong Q3 FY23, our first as LTIMindtree,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree. “The combined entity has started out with a USD 1 billion quarterly revenue run rate, a top-quartile constant currency year-over-year revenue growth of 16.3%, and a robust order inflow of USD 1.25 billion. Our performance speaks to our steadfast client focus through the merger and our resilient client and solutions portfolio. Clients across sectors are evincing keen interest in our unique value proposition spanning core to experience to edge. The client imperative to dial up technology-led innovation for future-readiness holds significant long-term upside for our full-stack offerings and cross-industry exposure, boosting our endeavour to deliver industry-leading revenue growth in the future as well.”

Key financial highlights:
Quarter ended December 31, 2022

In USD: Revenue at $1,046.7 million (growth of 2.4% q-o-q / 14.0% y-o-y)

  • Net profit at $121.5 million (decline of 17.7% q-o-q / 13.3% y-o-y)

In INR: Revenue at Rs 86,200 million (growth of 4.8% q-o-q / 25.3% y-o-y)

  • Net profit at Rs 10,007 million (decline of 15.8% q-o-q / 4.7% y-o-y)

Other highlights:

Clients: 723 active clients as of December 31, 2022

  • $1 million+ clients increased by 13, total 374
  • $5 million+ clients increased by 7, total 144
  • $10 million+ clients increased by 4, total 81

People: 86,462 professionals as of December 31, 2022

  • Trailing 12 months attrition was 22.3%

Deal Wins  A leading digital marketplace offering end-to-end solutions for the automotive industry signed a multiyear deal with LTIMindtree as its anchor digital transformation partner to consolidate all digital initiatives for enhancing efficiencies and accelerating time-to-market.

  • A leading public utility company based in North America chose LTIMindtree as a long-term strategic partner for an infrastructure and cloud managed services deal.
  • An energy and utilities company selected LTIMindtree to enable its digital transformation journey towards green energy.
  • A North American energy company signed a managed services deal with LTIMindtree for a data, cloud-enablement, and infrastructure program.
  • A leading global provider of transportation solutions selected LTIMindtree to modernize its core operations leveraging a cloud-based business applications platform.
  • A North American P&C insurer selected LTIMindtree as a strategic partner for driving the transition from Quality Assurance to Quality Engineering. As part of this deal, LTIMindtree will drive an automation-first mindset to deliver efficiency and productivity improvements.
  • A leading hospitality company awarded LTIMindtree a multiyear contract to provide agile-based product development, testing, and support services.
  • A Canada-based automobile manufacturer signed a multiyear Application Management Services deal with LTIMindtree.
  • A leading semiconductor manufacturer and technology provider selected LTIMindtree for a multiyear contract to provide platform-led, end-user services globally.

Recognitions LTIMindtree Syncordis recognised as Temenos Global Delivery Partner.

  • Honoured as Global Collaboration Partner of the Year by Amazon Web Services (AWS).
  • Recognised as the 2023 ServiceNow Americas Emerging Service Provider Partner of the Year.
  • Recognised in the 2022 Gartner®* Market Guide for Augmented Analytics for its Lumin by Fosfor product.
  • Named a Leader and Star Performer in Everest Group’s Application and Digital Services in P&C Insurance PEAK Matrix® Assessment 2023.
  • Named a Major Contender and Star Performer in Everest Group’s Risk & Compliance in BFS IT Services PEAK Matrix® Assessment 2023.
  • Named a Major Contender and Star Performer in Everest Group’s Guidewire Services PEAK Matrix® Assessment 2023.
  • Named a Major Contender in Everest Group’s Healthcare Provider Digital Services PEAK Matrix® Assessment 2023.

*GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

ADVERTISEMENT
FWM

FWM

Related Posts

Business

SUMMARY OF THE ECONOMIC SURVEY 2022-23

by FWM
February 1, 2023
Business

Sun Pharma reports Q3FY23 results

by FWM
January 31, 2023
Business

GM Releases 2022 Fourth-Quarter and Full-Year Results, and 2023 Guidance

by FWM
January 31, 2023
Business

IHC to Invest AED 1.4 billion in Adani Enterprises Further Public Offering (FPO)

by FWM
January 30, 2023
Business

MeitY’s R&D Institute SAMEER signs MoU with Siemens Healthineers on India

by FWM
January 27, 2023

Stay Connected

LCA Tejas at the centre stage of ‘India Pavilion’ at Aero India 2023

February 3, 2023

Karnataka’s Rising Stars: FCBU Academy Players set to shine at Khelo India Youth Games

February 3, 2023
Photos by P.K.Ananth Kumar

TOURISM MALAYSIA COLLABORATES WITH JAGADISH TOURS TO INITIATE MURAL DISPLAYCAMPAIGN FEATURING MISS SHOPIA GO TRAVEL AT BENGALURU

February 3, 2023

Recent News

LCA Tejas at the centre stage of ‘India Pavilion’ at Aero India 2023

February 3, 2023

Karnataka’s Rising Stars: FCBU Academy Players set to shine at Khelo India Youth Games

February 3, 2023
Photos by P.K.Ananth Kumar

TOURISM MALAYSIA COLLABORATES WITH JAGADISH TOURS TO INITIATE MURAL DISPLAYCAMPAIGN FEATURING MISS SHOPIA GO TRAVEL AT BENGALURU

February 3, 2023

Bengaluru gets another Badminton Centre of Excellence

February 3, 2023
ADVERTISEMENT

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

No Result
View All Result
  • Home
  • World
  • Business
  • Health
  • Technology
  • Auto
  • Sports
  • Entertainment
  • National
  • Lifestyle

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

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

Go to mobile version