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LTIMindtree on Thursday reported Q4 net profit remained flat at ₹1,114 crore as in opposition to ₹1,108 crore within the year-earlier interval.
Total income from operations in the course of the quarter grew 22% to ₹8,691 crore in opposition to ₹7,128 crore in the identical interval of final 12 months. In greenback phrases, the corporate’s income was $1.05 billion, a 12% improve 12 months on 12 months and 1% progress QoQ.
For the total 12 months, the corporate’s working margin stood at 16.2% with net profit for FY23 rising 12% to ₹4,410 crore.
Addressing the media right here, MD & CEO Debashis Chatterjee stated, “This industry-leading performance positions us well to deliver continued profitable growth in FY24. As we move to unified systems and processes, we are ready to exploit the synergies.”
Client necessities had modified over the past quarter and subsequently the corporate was at the moment within the strategy of assembly the brand new necessities to ship price financial savings, he added. LTIMindtree’s attrition within the trailing 12 months was at 20.2% in Q4 and complete headcount was 84,546.
