VENU LAMBU
IT companies likely to see 2-3% AI led deflation over the next 1-2 years
The rise of artificial intelligence is anticipated to contribute to ongoing revenue challenges within the IT services sector. Leading firms such as Tata Consultancy Services and Wipro have begun to adapt their revenue models. While some leaders believe AI-related growth may soon balance out traditional losses, worries about AI-induced deflation and reduced discretionary spending linger. Analysts suggest that these trends could persist until at least FY29 during contract renewals.
LTM boss sees short-tenure AI deals fuelling quicker revenue boost in H2
Deal closures are also at an inflection point with LTM's sales teams targeting AI deals that are shorter tenured but generate revenue quicker, Lambu told ET in an interview a day after India's sixth largest IT services company reported its second quarter results.
Zetwerk IPO fully subscribed; Super.money triples revenues
Zetwerk’s Rs 5,012-crore IPO was subscribed 3.06 times on Monday, the last day for bids. This and more in today’s ETtech Top 5.
LTM profit dips marginally, revenue up 13.6% YoY
Revenue recorded healthy growth on a year-on-year (YoY) basis by 13.6% to Rs 11,807.6 crore supported by financial services, consumer and production sector in key regions of North America and Europe. Rest of the World region and technology & services vertical showed a sequential degrowth, which impacted revenue to grow by 1.7% from the June quarter.
LTM Q2 Results: PAT remains flat at Rs 1,380 crore; revenue rises 14% YoY; co declares Rs 25 per share dividend
LTM reported a marginal 0.1% decline in Q2 FY27 profit to Rs 1,379.9 crore, while revenue rose 13.6% to Rs 11,807.6 crore. Enterprise AI and Business AI revenue grew 47%, and the company declared an interim dividend of Rs 25.
SaaS is beating the ‘SaaSpocalypse’! CLSA explains what AI means for Indian IT stocks
CLSA sees AI widening the gap between SaaS platforms and Indian IT services, favouring Persistent Systems and LTIMindtree. SaaS firms are gaining productivity, while system integrators face automation pressure. Both companies are adapting through deal growth, AI adoption and higher-value engineering work.
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LTM makes fresh tech push from Kolkata with Global Delivery & AI Competency Centre
LTM, the business creativity partner to global enterprises, has inaugurated a new Global Delivery & AI Competency Centre in Kolkata, expanding the L&T Group’s technology and AI capabilities in West Bengal. The centre will support global delivery operations, develop AI solutions, create technology opportunities and tap Kolkata’s talent pool, academic ecosystem and digital infrastructure as part of LTM’s wider India expansion strategy.
LTM profit jumps 17% to Rs 1,468 crore in April-June quarter
LTM chief executive Venu Lambu declared AI revenue separately for the first time in the earnings call, at $150 million for the quarter, in addition to announcing the completed transition to outcome-based pricing across its top 10 clients. The deal flow remained steady on a quarter-on-quarter basis at $1.68 billion, although it improved 3% year-on-year, with two large deals helping the deal momentum.
Cost pressures part of normal market evolution, says LTM CEO
LTM CEO Venu Lambu downplayed AI-led deflation concerns, framing pricing pressures as normal market evolution requiring adaptation. He emphasized execution as the key challenge amidst a generational technology shift, with LTM restructuring into three service lines, including a new business AI unit, to drive growth and double revenue.
LTM Q4 profit fises 18.8% YoY to Rs 1,341 crore
LTM, formerly known as LTIMindtree, posted revenue of Rs 11,292 crore for the March quarter, up 4.7% sequentially and 15.6% year-on-year, driven by improving deal momentum, despite a tepid macro environment. The company is aiming to double its revenue in the next five years, after crossing the Rs 10,000-crore topline mark in the July-September 2025 quarter.
LTIMindtree rebrands as LTM Limited
IT services firm LTIMindtree on Wednesday said that it has rebranded itself as 'LTM Limited', marking a significant shift in its corporate identity years after the high-profile merger of L&T Infotech and Mindtree.
AI-native deals, services strengthening IT spends: LTIMindtree CEO Venu Lambu
LTIMindtree is seeing rising demand for AI-led and AI-native services, even as discretionary enterprise spending remains uncertain. The company reported 6.1% year-on-year growth and is targeting double-digit growth by Q4. In a bid to expand its domain capabilities and geographical presence, the company is looking for acquisition opportunities, chief executive Venu Lambu said.
LTIMindtree to roll out wage hikes in Q4; 50% workforce to be covered in first phase
LTIMindtree will begin annual pay rises from Q4 FY26, covering half its staff initially and spreading increases over two quarters to protect margins. Chandra noted that the financial impact of the wage hike is expected to be approximately 1% in each of the two quarters. However, the company aims to offset this through operational efficiencies and its "New Horizon" enterprise-wide programme.
LTIMindtree shares tank nearly 7% as Q3 profit falls 11%. What should investors do?
LTIMindtree shares tumbled nearly 7% after it reported an 11% year-on-year net profit decline in Q3, largely due to a one-time Rs 590 crore charge from new labor codes. Excluding this, adjusted profit rose 29% YoY. Revenue increased 12% YoY to Rs 10,781 crore, with management highlighting a strong performance driven by AI strategy and deal wins.
LTIMindtree suffers 12% fall in Q3 net profit, at Rs 959 crore
LTI Mindtree reported an 11.7% drop in net profit for September–December, impacted by one-off labour code implementation expenses. Revenue grew 11.6% year-on-year in December, supported by strong deals and AI demand. The company aims to double revenue in five years, focusing on growth and market positioning.
LTIMindtree saw $60 million in H1 incremental revenue via agentic AI, says CEO
The IT services provider expects short-term headwinds to persist in 2026 when macroeconomic conditions are likely to remain tough for the industry. But there are pockets of optimism as well.
Staggered pay hikes in IT industry are the new normal: LTIMindtree CEO
LTIMindtree, on Thursday, announced that it is modifying its wage-hike cycle. Instead of one annual wage hike, which typically occurs in April-June quarter, raises will be split across two quarters. Half of the employees will get hikes effective January 1 and the other 50% on April 1.
LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 crore
The L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of Rs 10,394 crore, up 10.2% on year and by 10.2% sequentially.
LTIMindtree Q2 Results: Cons PAT jumps 12% YoY to Rs 1,401 crore, revenue up 10%
LTIMindtree reported a 12% year-on-year jump in consolidated Q2 net profit to Rs 1,401 crore, with revenue rising 10% to Rs 10,394 crore. The IT firm also declared a Rs 22 per share dividend.
LTIMindtree launches BlueVerse AI ecosystem for enterprises
LTIMindtree introduced BlueVerse, a new business unit. It offers AI services and solutions for enterprises. The BlueVerse Marketplace features many industry-specific agents. It also includes BlueVerse Foundry, a no-code designer. BlueVerse aims to improve business productivity. It embeds AI across enterprise functions. Venu Lambu highlighted LTIMindtree's role as a partner for future-ready organizations.
LTIMindtree CEO Debashis Chatterjee retires early; Venugopal Lambu takes charge amid leadership confusion
Chatterjee opted to retire due to personal reasons, effective May 30, six months before his term ends on November 13. LTIMindtree has seen over 10 senior executive exits in the past two years. Lambu’s comeback is seen as a strategy to stabilise the ship at LTIMindtree, which has seen a series of over 10 senior executive exits over the past two years
LTIMindtree shares slip 2% after weak Q4 earnings; Nuvama cuts target price
LTIMindtree Q4 results: In constant currency terms, revenue grew 6% year-on-year in Q4, matching the 6% increase in dollar revenue. However, operating metrics saw a slight dip—EBIT margins narrowed to 13.8% from 14.7% a year earlier, while gross margins slipped to 27.9% from 29.8%.
LTIMindtree creates new global AI services role for COO Nachiket Deshpande in new organisational structure
Nachiket Deshpande, also a whole-time director at LTIMindtree, will assume the role of president for global AI services, strategic deals, and partnerships at LTIMindtree, with immediate effect.
LTIMindtree names former employee Venugopal Lambu as CEO designate
LTIMindtree, said on Friday that former president Venugopal Lambu would return as CEO after a two-year stint at Randstad Digital. He was president of LTIMindtree's global markets business for three years until 2023 before leaving to helm the tech arm of staffing giant Randstad.
All digital transformation deals on track: LTIMindtree CEO Debashis Chatterjee
On Friday, the L&T Group firm reported its combined quarterly results after the L&T Infotech and Mindtree merger in November. The combined entity is now India’s sixth largest in terms of revenue.
LTIMindtree director Venu Lambu quits
Lambu had joined Mindtree in 2020 and had previously worked at Cognizant and HCLTech. He was part of the key management personnels present during the merger completion announcement of Larsen & Toubro Infotech and Mindtree in November 2022.
LTIMindtree shares fall over 2% after director Venu Lambu resigns
“We hereby inform you that Venugopal Lambu has resigned from the position of whole-time director and president, Markets II, to pursue opportunities outside the company,” LTIMindtree said in a statement.
Mindtree announces executive appointments in Europe, Asia Pacific
Mindtree is making sustained investments in Europe and Asia Pacific as part of its 4X4X4 strategy, global president Venu Lambu says. A strong leadership is vital to help clients unlock value from digital transformation, he says.
Mindtree partners with Knauf to drive its IT transformation initiatives
The Mindtree-Knauf deal will leverage industry-leading IT platforms and will also help Knauf complete post-merger technology integrations.
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