LTIMindtree Share Price Live Updates: LTIMindtree's Trading Day Recap
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
17 hours ago
- Time of India
LTIMindtree Share Price Live Updates: LTIMindtree's Trading Day Recap
22 Jul 2025 | 08:55:11 AM IST Stay informed with the LTIMindtree Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on LTIMindtree, including: Last traded price 5154.0, Market capitalization: 152705.57, Volume: 182552, Price-to-earnings ratio 32.37, Earnings per share 159.24. Our liveblog combines fundamental and technical insights to provide a holistic view of LTIMindtree's performance. Stay ahead of the market with breaking news that can influence LTIMindtree's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the LTIMindtree Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:55:11 AM IST, 22 Jul 2025 Show more
Time of India
2 days ago
- Time of India
AI-assisted coding is the way to go when hiring graduates: LTIMindtree CEO
Academy Empower your mind, elevate your skills Hiring for freshers or entry-level graduates will have artificial intelligence or AI-assisted coding as part of the improvised assessment as the correlation between revenue and headcount growth becomes more de-linear, said chief executive officer (CEO) of the sixth-largest Indian IT company, LTIMindtree 'We are very optimistic about continuing our effort in inducting freshers. We added 1,600 freshers this quarter and we are going to add more throughout this year as well. AI-assisted coding is the way to go about it,' said Venugopal Lambu Lambu said there was more emphasis in terms of the learning ability, and the foundational skill sets that freshers have on which companies can build, using their training and learning methods.'So those assessments will always improvise it…Whenever we hire people, we take all those aspects, whether it is related to the coding roles, cloud roles or infrastructure roles or data roles,' he on freshers by building a pyramid-style organisation structure has been key for the over-$283-billion outsourcing industry's services delivery model. However, over the past more than a year, since AI took centre-stage entry-level jobs and hiring at technology firms was impacted with companies coding 20-25% via AI, reducing the need for junior-level human AI technology permeates across functions and solutions, Lambu believes there is a correlation or a non-linearity in the revenue growth and workforce addition.'Over the last few quarters, when we added revenue, the headcount has not necessarily increased. So, there is a correlation or a non-linearity, but it is too early to call out to what extent it will happen,' he added. LTIMindtree , formed with the merger of L&T Infotech and Mindtree in November 2022, last week reported a 5.2% year-on-year growth in the first quarter revenue of fiscal year 2026 at $1.15 billion. It was a 1.97% sequential rise boosted by healthy growth from Europe and its consumer or retail transitioned to take over the Mumbai-headquartered Larsen & Toubro (L&T) subsidiary's top seat on May 31, after induction into the firm in company announced its largest deal with a US-based client worth $450 million in the first quarter.'We are on the verge of signing a couple of deals, and one of them will actually beat our own record. That gives me the confidence that we will move towards the double-digit growth at some time in the second half of the year,' Lambu IT industry has been struggling with low single-digit to flat business growth over the past two years after more than two decades of strong double-digit revenue growth tariff-led macro uncertainties and the AI-backed efficiencies increase cost pressures, most software service providers are witnessing a demand contraction from top clients. This is lowering revenue contribution from large deals, a key vector for IT firms' growth.'Our contribution of top clients' revenue decreased because it has moved to the other categories. For example, we added two new $50 million-plus accounts on-year basis…The portfolio mix also is changing as we start building larger deals,' Lambu we are betting big on AI, Lambu said, AI will be net positive for both revenue and margin growth, which it expects to be closer to 16% in the next couple of quarters from 14.3% in the June quarter.
Mint
2 days ago
- Mint
World's top companies are realizing AI benefits. That's changing the way they engage Indian IT firms
Global corporations embracing artificial intelligence are reshaping their outsourcing deals with Indian software giants, moving away from traditional fixed-price contracts. The shift reflects AI's disruptive influence on India's $280 billion IT services industry, as focus shifts away from human labour and towards faster project completion. Fortune 500 clients waking up to AI's gains from fewer people and faster work are considering so-called time and material contracts which are based on actual time and labour spent—At least, before committing to the traditional fixed-price pacts. A time and material (T&M) contract is an agreement where a client pays a service provider based on the actual hours worked by their team and the cost of materials or resources used, rather than a fixed upfront price for the entire project. 'There are some (contracts) where we do based on the outcome. There are some customers that expect that this is better to do it on T&M (time and material)," said K. Krithivasan, managing director and chief executive of TCS, during the company's post-earnings conference call with analysts on 10 July. As agentic AI evolved, clients also want to see how they are able to benefit from the results," Krithivasan said. 'So, they want to do it on T&M. And then after a period of time, move towards the fixed-price model. So, we are seeing both options here." The change reflects the disruption that AI is causing for India's $280-billion information technology services industry. And it comes when clients are still cautious about discretionary spending amid global uncertainty and AI risks. LTIMindtree, too, saw similar changes in its contracts with clients. 'I saw a positive response when the discussion was about converting some of the time and material contracts to managed services and output-based construct," said Venu Lambu, managing director and chief executive officer of LTIMindtree, in an interview with Mint on 18 July. According to Lambu, this was driven by an AI-led solution provided by the company. 'Our clients are excited about it; so they want to hear more from us, and they want to see how we can help them to transition from the time and material contract to a more outcome or managed services-based construct, and we see that as a big opportunity," said Lambu. Both TCS and LTIMindree had a mixed first quarter of FY26. TCS ended with $7.42 billion in revenue in the three months through June, down 0.59% sequentially, whereas LTI Mindtree reported a revenue of $1.15 billion, up 1.97% on a quarterly basis. The revenue breakup of Wipro Ltd, India's fourth-largest IT services firm, over the last two years also shows how IT sector contracts are changing. Wipro's share of fixed price contracts reduced to 52% of overall revenue at the end of the three months through June from 56% at the end of the April-June 2023. During the same time, its share of time and materials contracts increased to 48% from 43%. 'Clients agree to this as it shifts the risk to the IT service providers for cost overruns and scope creep, and forces the service providers to generate the productivity that AI promises," said Peter Bendor-Samuel, founder of Everest Group. As of now, IT service providers get paid in a staggered manner rather than a lump-sum amount at the end of the year. Such instances of deferring payments arise due to macroeconomic uncertainties, which might compel companies to service their payment obligations to their IT vendors at a later date. According to Phil Fersht, chief executive of HFS Research, the change in ways through which companies engage with IT firms is brought about as clients seek lower prices from IT outsourcers. 'Enterprise customers are demanding lower prices from their service partners, which is shifting the focus away from the provision of people-based effort to the provision of the actual work," said Fersht. AI is also prompting companies worldwide to use fewer people in operations as automation is replacing manual, redundant labour. For IT outsourcers, this poses a challenge as they are traditionally billed on the basis of the number of employees deployed for the client. 'Net-net, if customers demand a 20% price-cut, the only way the likes of TCS and LTIMindtree can deliver on those savings, while maintaining their own profit margins, is with the smart use of AI to provide the same services with fewer people," said Fersht. 'That means the way these contracts are developed needs to shift from pay-per-FTE (full-time equivalent) to a consumption-based model, which we at HFS are terming 'Services-as-Software.'" Bendor-Samuel, however, expects the trend of changing contracts to fizzle out: 'It is unlikely to be a permanent trend as outcome and fixed pricing is more complicated and, over time, the FTE or time-based models, which are far simpler, are likely to win out."
