LTIMindtree Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 94,329 million compared to INR 89,054 million a year ago. Revenue was INR 97,318 million compared to INR 90,486 million a year ago. Net income was INR 12,510 million compared to INR 11,618 million a year ago. Basic earnings per share from continuing operations was INR 42.25 compared to INR 39.27 a year ago. Diluted earnings per share from continuing operations was INR 42.17 compared to INR 39.17 a year ago.
For the six months, sales was INR 185,755 million compared to INR 176,075 million a year ago. Revenue was INR 191,015 million compared to INR 178,823 million a year ago. Net income was INR 23,848 million compared to INR 23,133 million a year ago. Basic earnings per share from continuing operations was INR 80.55 compared to INR 78.19 a year ago. Diluted earnings per share from continuing operations was INR 80.4 compared to INR 78.02 a year ago.
LTIMindtree Limited is an IT services company specializing in the digital optimization and transformation of businesses and organizations. The company offers solutions in the fields of cybersecurity, task automation, data management, digital infrastructures, cloud platforms, Internet of Things, artificial intelligence, etc. Net sales break down by sector of activity as follows:
- banks, financial services and insurance (36.9%);
- technology, media and entertainment (24.3%);
- industry, mining and energy (16.9%);
- retail, transport and hospitality (15.4%);
- health, life sciences and utilities (6.5%).
At the end of March 2023, LTIMindtree Limited has more than 700 customers worldwide.
Net sales are distributed geographically as follows: America (72.2%), Europe (15%) and other (12.8%).
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