LTIMindtree posts 10% Q2 growth, adds 2,558 staff amid digital, AI wins
LTIMindtree said its second-quarter revenue rose about 10%, a number the firm attributes to what it calls “broad-based growth” across its offerings. The headline figure shows a 5.6% lift from the previous quarter, while year-on-year revenue is up roughly 10.2%, taking consolidated sales to ₹10,394 crore (when converted to U.S. dollars).
Net profit isn’t left behind - it climbed 6.6% sequentially, according to the release. I suspect the bump comes from a mix of digital-transformation wins and AI-focused projects, which the company points to as the main drivers. At the same time, LTIMindtree hired 2,558 people during the period, a hiring push that lines up with its tech-centric strategy.
The data hints at a steady, modest expansion rather than a sudden breakout. Analysts say the trend could flatten if client budgets tighten. Still, the twin focus on digital work and artificial-intelligence efforts appears to be paying off, at least for now.
We’ll have to see if the momentum holds when the next quarter rolls around.
LTIMindtree reported broad-based growth in its second quarter, driven by a combination of digital transformation wins and AI-focused initiatives. The company’s consolidated revenue in USD reached ₹10,394 crore, up 5.6% quarter-on-quarter (QoQ) and 10.2% year-on-year (YoY). Net profit rose 6.6% sequentially to ₹1,568 crore.
CEO Venu Lambu highlighted the company’s AI ambitions, saying, “We are committed to becoming an AI-centric organisation, leveraging our BlueVerse ecosystem. Our strategy remains on course, and our results reflect disciplined execution, the depth of our client relationships, and solid progress in our ongoing transformation.” Announced in June, BlueVerse is a new business unit offering a comprehensive suite of AI-driven services designed to help companies adopt and scale AI across operations. It includes over 300 specialised AI agents across industries and functions, all built to work seamlessly within existing systems.
LTIMindtree added 2,558 employees in the quarter, taking its workforce to 86,447, with utilisation at 88.1% and trailing 12-month attrition at 14.2%. The company secured several high-profile deals this quarter, including a large engagement with a global media and entertainment company to drive an AI-centric digital transformation, and a multi-geography partnership with a financial institution as one of its five major service partners. LTIMindtree will deploy its BlueVerse technology for AI-driven efficiencies and innovation in sectors ranging from chemicals to hospitality, fintech, and government projects, including India’s PAN infrastructure transformation.
Most recently, LTIMindtree, along with Infosys, Cognizant, and Accenture, pledged a combined investment exceeding $1.5 billion to accelerate adoption and development on Oracle’s newly launched AI Data Platform. The funding will support large-scale training programs, R&D, and the creation of over 100 industry-specific AI use cases across sectors, including manufacturing, utilities, financial services, and healthcare.
LTIMindtree’s revenue jumped 10.2% year-on-year to about ₹10,394 crore, while the quarterly rise steadied at 5.6%. Net profit rose 6.6% to ₹1,568 crore and the headcount grew by 2,558 people. CEO Venu Lambu pointed to those numbers as proof that the mix of digital-transformation projects and AI work is paying off.
He also reminded investors that the company is pushing hard to become AI-centric, with the BlueVerse ecosystem at the heart of the plan. The filing, however, stays silent on how the AI push might squeeze margins or win new clients. And it’s hard to say whether the hiring spree can keep up in today’s tight talent market.
The data paints a decent short-term picture, yet the real test will be if the AI focus turns into a durable edge. We’ll probably be watching the next quarter for any sign that AI services are moving from a side project to a core offering. Analysts may then line up these results against peers to see how far the AI gamble has moved the needle.
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Common Questions Answered
What were LTIMindtree's key financial results for the second quarter?
LTIMindtree reported a consolidated revenue of ₹10,394 crore, representing a 5.6% quarter-on-quarter and a 10.2% year-on-year growth. The company also announced a sequential net profit increase of 6.6%, reaching ₹1,568 crore.
How many employees did LTIMindtree add during the quarter, and what does this indicate?
LTIMindtree added 2,558 staff members during the second quarter, reflecting the company's expansion and investment in its workforce. This hiring surge supports the growth driven by digital transformation wins and AI-focused initiatives.
What did CEO Venu Lambu identify as the drivers for the company's broad-based growth?
CEO Venu Lambu attributed the growth to a successful combination of digital transformation wins and AI-focused initiatives. He specifically highlighted the company's commitment to becoming an AI-centric organisation, leveraging the BlueVerse ecosystem.
What is the significance of LTIMindtree's BlueVerse ecosystem according to the announcement?
The BlueVerse ecosystem is cited as a cornerstone of LTIMindtree's strategy to become an AI-centric organisation. It is a key platform the company will leverage to drive its future AI ambitions and initiatives.