LTIMindtree: 5 key highlights from Investor Day; share price targets
LTI Mindtree Ltd (LTIM) recently hosted Investor Day, where the management highlighted strong pipeline with largest share (48 per cent) from cost optimisation. It told IT analysts that discretionary spends are yet to pick up, but felt investments in GenAI capabilities could be a key differentiator. The IT major is targeting $10 billion in revenue by FY31-32 and is aiming for 17–18 per cent margins in immediate future, with potential for further expansion driven by growth.
There has been some improvement in number of transformation deals in recent quarters, said Centrum Broking. This brokerage sees green shoots in demand environment, especially in the BFSI vertical.
“We expect the revenue growth momentum to continue in Q3FY25. AI…
