LTI Mindtree , a leading global technology consulting and digital solutions company, has reported robust financial results for the second quarter, demonstrating steady growth and improved profitability.

Key Financial Highlights

*bps: basis points

LTIMindtree's revenue reached $1.18 billion in Q2, marking a 2.3% quarter-on-quarter growth in USD terms and a 2.4% growth in constant currency. The company's EBIT margin expanded significantly by 160 basis points, from 14.3% in Q1 to 15.9% in Q2, surpassing company plans.

Strong Deal Momentum

The company reported an impressive order inflow of $1.59 billion, up 22% year-on-year. This marks the fourth consecutive quarter of order inflow around $1.6 billion, indicating strong business momentum. LTIMindtree secured large deals across all five of its verticals, including partnerships with global media companies, financial institutions, and chemical manufacturers.

Vertical Performance

All verticals showed sequential growth for the second consecutive quarter:

• Consumer Business: 9.1% growth
• Healthcare, Life Sciences, and Public Services: 10.2% growth
• Manufacturing and Resources: 1.7% growth
• Banking, Financial Services, and Insurance (BFSI): 0.2% growth
• Technology, Media, and Communication: 0.1% growth

Geographic Performance

• Americas: 2.1% sequential growth
• Europe: 2.4% sequential growth
• Rest of the World: 3.7% sequential growth

Workforce and Operational Metrics

LTIMindtree's headcount reached 86,447, with a net addition of 2,558 employees, including 2,604 freshers. The company's utilization rate, excluding trainees, remained steady at 88.1%. The trailing 12-month attrition rate decreased to 14.2% from 14.4% in the previous quarter.

AI and Innovation Focus

The company is actively driving AI adoption across its client base, with more than 40-50 accounts adopting AI solutions in the quarter. LTIMindtree is leveraging its ADAPT framework to measure AI adoption maturity and skill sets in client accounts.

Dividend Announcement

The Board of Directors has approved an interim dividend of ₹22 per equity share, representing a 10% increase from the previous year.

Management Commentary

Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, commented on the results: "Q2 has been a strong quarter for us, marked by broad-based performance across our business. We are committed to becoming an AI-centric organization in the agentic enterprise era. Our strategy remains on course, driven by sales transformation, Fit for Future program, and focus on large deals."

Lambu also addressed the company's approach to AI-driven productivity gains, stating, "We are proactively championing the partnership of AI infusion in our existing segment. The right strategy is to let go of what is right productivity gain to our customers because we win back more compared to what we give."

Looking ahead, LTIMindtree remains confident in its ability to sustain momentum and achieve near double-digit growth in the second half of the fiscal year, while acknowledging ongoing productivity-related recalibrations in some top client accounts due to AI implementation.

As LTIMindtree continues to navigate the evolving landscape of AI and digital transformation, the company's strong Q2 performance and robust deal pipeline position it well for continued growth and innovation in the coming quarters.

LTIMindtree Limited (LTIM), a global technology consulting and digital solutions company, has announced a significant change in its leadership. Nachiket Deshpande, who has been serving as the Whole-Time Director and President of LTIM, has tendered his resignation to pursue new opportunities outside the organization.

Key Details of the Resignation

• Effective Date: October 31, 2025 (after end of office hours)
• Positions Resigned: Whole-Time Director and President
• Reason: To explore new opportunities beyond LTIMindtree

Deshpande's Tenure and Contributions

Nachiket Deshpande has been an integral part of LTIM's growth story:

• Served on the Board since 2019
• Played a crucial role in shaping the company's strategic direction
• Led transformative initiatives, including the largest integration in India's services industry
• Scaled AI Services into a strategic pillar of the company's future

Leadership Comments

S.N. Subrahmanyan, Chairman of LTIMindtree, expressed his gratitude, stating, "I would like to extend my heartfelt gratitude to Nachiket for the remarkable impact he has made during his long tenure at LTIMindtree. His leadership and unwavering commitment have been pivotal in shaping the foundation for the next phase of growth for LTIMindtree."

Venu Lambu, CEO & MD of LTIMindtree, added, "We sincerely value his contributions. As Nachiket embarks on the next chapter of his journey, we wish him continued success, happiness, and new accomplishments in all his future endeavours."

Deshpande's Parting Words

In his resignation letter, Deshpande reflected on his journey with LTIM, stating, "The past years have been an incredible journey—rich with opportunities to grow, learn, and contribute meaningfully to this remarkable organization. It has been a privilege to work closely and learn from Chairman SNS, board members and my esteemed colleagues."

About LTIMindtree

LTIMindtree is a global technology consulting and digital solutions company that partners with enterprises across industries. Key facts about the company include:

• Trusted by more than 700 clients worldwide
• Workforce of over 86,000 professionals across 40+ countries
• A Larsen & Toubro Group company
• Focused on reimagining business models, accelerating innovation, and driving AI-centric growth

As LTIM navigates this leadership transition, the company remains committed to its mission of solving complex business challenges and delivering transformation at scale for its global clientele.