Key Points
LTIMindtrees June quarter numbers are likely to be significantly higher on a year-on-year (YoY) basis, but this wont be truly comparable following the merger of Larsen & Toubro Infotech and Mindtree, which was effective in November last year...
Sequentially, the software services exporters performance is likely to be muted, similar to its peers given the slowdown in technology spending amid a tough global economic environment...
The company, which recently joined the Nifty club, is seen reporting a nearly 1% sequential rise in consolidated net revenue for the quarter to Rs 8,757 crore, according to the average of estimates given by 13 brokerages...
The city-based company will detail its quarterly earnings on Monday.. In terms of verticals, BFSI was weak for IT majors such as Tata Consultancy Services, Wipro, and HCL Technologies, and analysts expect it to be the same for LTIMindtree...
We expect constant currency revenue to fall 1% QoQ in the second full quarter for LTIM after the merger was completed on 14th November, 2022..
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