LTI Mindtree , a global technology consulting and digital solutions company, has announced a significant contract win with Convatec, a leading medical products and technologies company. The partnership aims to implement SAP's Digital Core – S/4HANA across Convatec's business operations, marking a strategic move in the enterprise software implementation services sector.

Key Highlights of the Partnership

• Project Scope: LTIMindtree will refresh Convatec's SAP S/4HANA landscape and streamline business processes.
• Technology Focus: The implementation will leverage AI-powered digital operations to enhance efficiency.
• Strategic Goals: The project aims to support Convatec's process standardization and operational efficiency objectives.

Implications for LTIMindtree

This contract win strengthens LTIMindtree's position in the enterprise software implementation services market and expands its client portfolio in the healthcare technology sector. The company will utilize its expertise in SAP S/4HANA and industry insights to maximize the platform's potential for Convatec.

Executive Statements

Angie Goodwin, Chief Digital Information Officer at Convatec, expressed confidence in LTIMindtree's capabilities, stating, "We look forward to leveraging LTIMindtree's capabilities to enable our strategic plans, drive efficiency and support growth."

Srini Rao, EVP and Chief Business Officer Europe at LTIMindtree, emphasized the company's commitment, saying, "With our AI-powered approach and innovation-led delivery, we are committed to helping Convatec achieve its growth ambitions."

About the Companies

• Workforce of more than 86,000 professionals
• Operates in over 40 countries | | Convatec | Global medical products and technologies company | - Focused on chronic condition management
• Operations in around 90 countries
• 2024 revenues exceeded $2.00 billion
• FTSE 100 Index constituent |

This strategic partnership underscores the growing importance of digital transformation in the healthcare industry and highlights LTIMindtree's expanding role in facilitating these crucial technological advancements.

LTI Mindtree , a leading technology consulting and digital solutions company, has reported robust financial results for the second quarter, marking a significant milestone in its growth trajectory.

Strong Revenue Growth

LTIMindtree's consolidated revenue crossed the Rs 10,000 crore mark for the first time, reaching Rs 10,394.00 crore in Q2. This represents a sequential increase of 5.6%, highlighting the company's strong market position and continued growth momentum.

Impressive Profitability Metrics

The company's financial performance showed substantial improvements across key metrics:

The impressive 17.2% jump in EBIT (Earnings Before Interest and Taxes) to Rs 1,648.00 crore, along with a 160 basis points expansion in EBIT margin to 15.9%, underscores LTIMindtree's operational efficiency and profitability improvements.

Driving Factors Behind Growth

LTIMindtree attributes its strong performance to several key factors:

1. 'Fit for Future' Efficiency Drive: The company's strategic initiative focused on enhancing operational efficiency.
2. AI Adoption: Widespread implementation of AI across operations has contributed to improved productivity.
3. Automation: CFO Vipul Chandra noted that the company achieved revenue growth without significant headcount increases, thanks to automation and generative AI tools.

Future Outlook

LTIMindtree has set ambitious targets for the future:

• The company expects to reach or approach double-digit USD revenue growth in H2 FY26.
• This projection is supported by strong deal momentum and the company's proprietary BlueVerse AI platform.

Market Response

The market has responded positively to LTIMindtree's performance:

• Nuvama, a brokerage firm, has raised its target price for LTIMindtree to Rs 6,900.00.
• Emkay has maintained an 'Add' rating with a target price of Rs 6,200.00.

LTIMindtree's strong Q2 results, particularly its revenue milestone and margin expansion, reflect the company's robust business model and effective strategy execution in a competitive tech landscape. The focus on AI and automation appears to be paying dividends, positioning the company well for future growth in the rapidly evolving digital solutions market.