LTIM

May 12 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE SECURES $450 MILLION MULTI-YEAR DEAL

Source text: ID:nnAZN3TE70C

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BENGALURU, April 23 (Reuters) - India's No.6 software services exporter LTIMindtree LTIM.NS on Wednesday marginally missed quarterly earnings estimates due to a revenue decline in its healthcare and consumer segments.

The company posted consolidated revenue of 97.72 billion rupees ($1.14 billion) for the quarter ended March 31, up 10% year-on-year, but below the analysts' average estimate of 98.57 billion rupees, according to LSEG data.

Its peers, Tata Consultancy Services TCS.NS and Infosys INFY.NS, have previously flagged a difficult year ahead, as global economic uncertainty and cautious client spending further impact the sector.

The Indian IT sector, valued at $283 billion, is facing challenges due to U.S. President Donald Trump's unpredictable tariff policies, which are causing uncertainty and delays in technology spending decisions among its major clients.

Indian IT companies expect retail and manufacturing clients to be more exposed to the tariff turmoil and may resort to cost-cutting if uncertainty persists.

The company's quarterly profit rose 2.5% to 11.29 billion rupees, while analysts, on average, were expecting a profit of 11.58 billion rupees.

Revenue at its healthcare and consumer verticals fell during the quarter by 16.2% and 1.9%, respectively. Its largest vertical, banking, financial services and insurance, grew 12%.

LTIMindtree's revenue from North America, which accounts for nearly 75% of its total, grew 6.8%, whereas its Europe market declined 1.5%.

"Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment," said Debashis Chatterjee, CEO, in a statement.

Its deal wins stood at $1.6 billion versus $1.68 billion in the previous quarter and $1.43 billion in the year-ago period.

The company's shares closed 5% higher ahead of the results.

($1 = 85.3880 Indian rupees)

(Reporting by Haripriya Suresh and Sai Ishwarbharath B; Editing by Vijay Kishore)

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Corrects syntax in paragraph 1

By Haripriya Suresh

BENGALURU, April 4 (Reuters) - India's $283-billion IT sector should brace for a rough year ahead as tariffs are likely to stoke inflation in its key U.S. market and force clients to cut spending, analysts said.

Although President Donald Trump did not impose direct tariffs on IT services, Indian firms are expected to feel the heat as clients, especially in manufacturing, logistics and retail sectors, adjust to the new levies.

That could slow deal cycles, delay existing projects and hurt revenue growth, analysts said. Bernstein and ICICI Securities rushed to cut their ratings on the Indian IT sector soon after the tariff announcement.

The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth.

The U.S. accounts for more than half of India's $190 billion software exports, making the sector sensitive to shifts in spending confidence among businesses in the world's largest economy. J.P.Morgan on Friday lifted global and U.S. recession odds to 60% after Trump's tariff announcement.

"With a rising risk of U.S. recession and uncertain decision-making, we think chances of fiscal 2026 being a complete washout are rising," J.P. Morgan said in a note on Friday, without giving specific numbers.

At least six analysts expect Indian IT firms to issue a "conservative" annual revenue growth forecast when quarterly results start next week.

Companies with a greater exposure to discretionary spending are expected to bear the brunt of any tariff-fueled slowdown.

"Discretionary IT spend will likely see an impact across the industry verticals. Companies to get impacted will typically be the high-growth companies in the large caps and some of the mid-caps where the exposure usually is much higher on the discretionary side," BNP Paribas analyst Kumar Rakesh said.

He added the impact of a potential slowdown could be apparent by the September quarter.

India's Nifty IT index .NIFTYIT fell 3.6% on Friday to take its losses for the week to 9.15%, the steepest weekly fall for the index in more than five years.

(Reporting by Haripriya Suresh; Editing by Dhanya Skariachan, Sonia Cheema and Saumyadeb Chakrabarty)

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April 2 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE - PHINIA PARTNERS WITH CO

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March 31 (Reuters) - LTIMindtree Ltd LTIM.NS:

• ANNOUNCES STRATEGIC PARTNERSHIP WITH GOOGLE CLOUD

• PARTNERSHIP WITH GOOGLE CLOUD TO DRIVE BUSINESS TRANSFORMATION WITH AGENTIC AI

Source text: ID:nBSE4SKcvc

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March 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:

• INTELLECT DESIGN ARENA LTD - ANNOUNCES STRATEGIC PARTNERSHIP WITH LTIMINDTREE

• INTELLECT DESIGN ARENA - PARTNERSHIP TO TRANSFORM FINANCIAL SERVICES IN MEA AND APAC

Source text: ID:nBSE10Yc2S

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Feb 20 (Reuters) - Thomas Cook (India) Ltd THOM.NS:

• THOMAS COOK (INDIA) - CO, SOTC, FAIRFAX, LTIMINDTREE, VOICING.AI COLLABORATE ON GENAI ADVISOR

Source text: ID:nBSE3X8nLz

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** Indian IT index .NIFTYIT the only one among 13 major sectors trading higher, bucking broader market weakness .BO

** IT stocks up 0.24% vs a 0.5% drop in benchmark Nifty 50 .NSEI

** LTIMindtree LTIM.NS top gainer, up 2.83% after signing a multi-year contract

** Persistent Systems PERS.NS follows, with a 2.71% increase

** JP Morgan expects PERS to be the fastest growing in its coverage over FY25-27, saying it navigates tough macro environment well

** Heavyweights Infosys INFY.NS flat, while TCS TCS.NS down 0.6%

** IT index has lost 4.9% YTD, more than Nifty 50's ~3% drop

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 30 (Reuters) - LTIMindtree Ltd LTIM.NS:

• PARTNERS WITH FLS FOR APPLICATION SERVICES TRANSFORMATION

Source text: ID:nBSE6sDsk7

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Jan 24 (Reuters) - LTIMindtree Ltd LTIM.NS:

• APPOINTMENT OF MR VENUGOPAL LAMBU AS CEO-DESIGNATED AND EXECUTIVE DIRECTOR OF COMPANY

Source text: ID:nNSE4ZZ9hD

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Jan 23 (Reuters) - LTIMindtree Ltd LTIM.NS:

• UNIT LTIMINDTREE LLC DISSOLVED

Source text: ID:nBSE9y5mf2

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Jan 20 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE - SUDHIR CHATURVEDI, WHOLE-TIME DIRECTOR, PRESIDENT – MARKETS RESIGNS

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Adds details on forecast, analyst comment, background on peers

By Indranil Sarkar and Manvi Pant

Jan 17 (Reuters) - Shares of India's No. 2 software services exporter Infosys INFY.NS fell nearly 6% on Friday and were set for their biggest one-day decline since July 2023, as analysts raised concerns about the quality of earnings following its third-quarter report.

The stock was down 5.7% as of 11:49 a.m. IST, and was the top drag on the IT index .NIFTYIT and the benchmark Nifty 50 .NSEI, which declined 2.5% and 0.7% respectively.

Its U.S.-listed shares INFY.N fell about 6% overnight.

Infosys on Thursday raised its annual revenue forecast for the third time this financial year as its U.S. banking and retail clients warmed up to spending more on discretionary projects, echoing Tata Consultancy Services TCS.NS and HCLTech HCLT.NS.

However, analysts were concerned about the "quality" of the earnings report, which overshadowed the outlook.

The revenue growth was driven by a higher component of "third-party items" in Infosys' deal pipeline, "which drove concerns around the quality of the beat and raise", Morgan Stanley analysts said in a note.

"Given that the commentary on small deals pipeline is not showing any meaningful signs of inflection, we now assume the (industry-wide) recovery to be more gradual than before," they said.

Small deals comprise more than two-thirds of the company's total deal intake, according to BofA Global Research.

Markets are awaiting further evidence of uptick in discretionary spending, not just commentary from IT companies, said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

Infosys shares gained 22.5% in 2024, outperforming TCS and LTIMindtree LTIM.NS, but trailed behind HCLTech, which rose 31%.

(Reporting by Indranil Sarkar and Manvi Pant in Bengaluru, additional reporting by Anuran Sadhu; Editing by Mrigank Dhaniwala and Varun H K)

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Jan 16 (Reuters) - Indian software services provider LTIMindtree LTIM.NS on Thursday reported third-quarter revenue above estimates, propelled by execution of large deals won in previous quarters.

The company's consolidated revenue rose 7.1% on-year to 96.61 billion rupees ($1.12 billion) in the three months ended Dec. 31, compared to analysts' average expectations of 96.25 billion rupees as per data compiled by LSEG.

($1 = 86.5740 Indian rupees)

(Reporting by Haripriya Suresh and Sai Ishwarbharath B; Editing by Varun H K)

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** Shares of IT services firm LTIMindtree LTIM.NS rise 2.7% to 5,886 rupees

** Jefferies upgrades LTIM to 'buy' from 'underperform', raises TP to 6,650 rupees from 5,450

** Attributes upgrade to the recent correction in stock price factoring in near-term earnings risks

** Prefers stocks with higher exposure to North America/BFSI (Coforge COFO.NS, Infosys INFY.NS, TCS TCS.NS, and LTIM) for stronger growth, double-digit EPS visibility over FY25-27

** Sees shift toward modernizing tech stacks in FY26, driving 7% Y/Y growth in revenue

** Analysts' avg rating on stock is "hold", same as that on peers Tech Mahindra TEML.NS, Wipro WIPR.NS, HCL Technologies HCLT.NS - data compiled by LSEG

** Median PT on LTIM is 6,540 rupees - LSEG data

** Stock fell ~11% in 2024, vs a ~22% gain in the Nifty IT index .NIFTYIT

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 16 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE - LAUNCHES AI-DRIVEN CYBER DEFENSE RESILIENCY CENTER

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Dec 10 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE LTD - ANNOUNCES STRATEGIC PARTNERSHIP WITH GITHUB

Source text: ID:nBSEH10KQ

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Dec 6 (Reuters) - LTIMindtree Ltd LTIM.NS:

• SUBSIDIARY SYNCORDIS SARL IN FRANCE HAS BEEN DISSOLVED

Source text: ID:nBSEbxJLtB

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Dec 4 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE - SIGNING OF DEFINITIVE AGREEMENT BY LTIMINDTREE USA FOR INVESTMENT IN VOICING.AI

• LTIMINDTREE LTD - TO INVEST UP TO $6 MILLION IN VOICING.AI

Source text: ID:nBSE50BScR

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Nov 25 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE AND MICROSOFT JOIN FORCES TO SUPERCHARGE AI INNOVATION AND DIGITAL TRANSFORMATION FOR GLOBAL ENTERPRISES

Source text: ID:nBw2TZwQCa

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** Shares of IT services firm LTIMindtree LTIM.NS rise 2% to 6,052 rupees, their highest in over a month

** Stock is among top pct gainers on the Nifty IT index .NIFTYIT, which is up 1.54%

** India's biggest insurer Life Insurance Corporation of India LIFI.NS raises stake in co from 5.033% to 7.034% via open market purchase

** Analysts' avg rating on stock is "hold," same as that on peers Tech Mahindra TEML.NS, Wipro WIPR.NS, HCL Technologies HCLT.NS

** Their median PT on LTIM is 6390 rupees - LSEG

** Stock down 3.9% YTD, vs 20% gain in the Nifty IT index

(Reporting by Aleef Jahan in Bengaluru)

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Nov 21 (Reuters) - Life Insurance Corporation of India LIFI.NS:

• LIC - INCREASED SHAREHOLDING IN LTIMINDTREE FROM 5.033% TO 7.034%

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Nov 19 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE STRENGTHENS STRATEGIC PARTNERSHIP WITH NEXI GROUP

• SECURES CONTRACT EXTENSION TO ENHANCE NEXI'S CORE PLATFORMS AND INFRASTRUCTURE

Source text: ID:nBSE1XFQvw

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Oct 25 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE - UNIT NIELSEN & PARTNER IN AUSTRALIA DEREGISTERED

Source text for Eikon: ID:nBSEc3hygJ

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Oct 22 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LAUNCHES 'AI-SMART UNDERWRITER' SOLUTION

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** Shares of IT services firm LTIMindtree LTIM.NS plunge 5.7% to 6,029.7 rupees

** Co missed Q2 revenue estimates, hurt by weak tech spending

** Stock top pct loser on Nifty IT index .NIFTYIT, which is down 2%

** Analysts' avg rating on stock is "Hold", median PT is 6,200 rupees - LSEG data

** Stock erases YTD gains, down 3.8% so far this year

(Reporting by Manvi Pant in Bengaluru)

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Oct 17 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE Q2 CONSOL NET PROFIT 12.51 BLN RUPEES; IBES PROFIT EST. 12.25 BLN RUPEES

• LTIMINDTREE Q2 CONSOL REV FROM OPS 94.33 BLN RUPEES; IBES EST. 94.42 BLN RUPEES

• DIVIDEND 20 RUPEESPER SHARE

• APPROVED CLOSURE OF UNITS LTIMINDTREE SPAIN S.L. AND LTIMINDTREE LLC

Source text for Eikon: [ID:]

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Oct 15 (Reuters) - LTIMindtree Ltd LTIM.NS:

• LTIMINDTREE - LTIMINDTREE GMBH AND NIELSEN + PARTNER UNTERNEHMENSBERATER GMBH HAVE MERGED

Source text for Eikon: ID:nBSE1YRJxC

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BENGALURU, Oct 10 (Reuters) - Tata Consultancy Services TCS.NS, India's top IT services company, reported a bigger-than-expected second-quarter revenue on Thursday on realisations from large deals bagged in the previous quarters.

The company's consolidated revenue rose 7.7% to 642.59 billion rupees ($7.66 billion) in the September quarter.

Analysts, on average, expected revenue of 640.93 billion rupees, as per LSEG data.

($1 = 83.9420 Indian rupees)

(Reporting by Sai Ishwarbharath B; Editing by Janane Venkatraman)

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** Shares of LTIMindtree Ltd LTIM.NS and Mphasis Ltd MBFL.NS up 2.4% each

** J.P.Morgan upgrades both IT stocks to "overweight" from "neutral", saying they are best-placed to benefit from recovery in spending by BFSI clients

** JPM raises PT on LTIM PT Street-high of 6,900 rupees vs current price of 6,253.05 rupees

** JPM raises PT on MBFL to Street-high of 3,400 rupees vs current price of 2,897 rupees

** Analysts on avg rate both stocks "hold" -LSEG data

** LTIM nearly wipes out YTD losses, while MBFL extends gains to 6.2%

** Still, they are 2nd and 3rd worst performers on 10-member Nifty IT .NIFTYIT index YTD

(Reporting by Nandan Mandayam in Bengaluru)

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