Thread by @ParveenBhansali

#LTIMindtree

MD&CEO Mr Chattejee:

Integration of d 2 Cos led to margin hit plus Q3 is seasonally weak

Overall cost of delivery has been a little high in Q3 which is a one-time cost.

A significant part of integration cost has been absorbed into Q3 n will show in Q4 as well

#LTIMindtree has started out with a $1 billion quarterly revenue run rate.

The client imperative to dial up technology-led innovation for future-readiness holds a long-term upside for Cos full-stack offerings

#LTIMindtree hierarchy suggesting to gain up to 200 bps in margin over next 4-5 yrs after consolidating 180 bps hit due to integration of the 2 Co's.

Co appears to be holding on to strong footing with a sharp drop in attrition levels & a billion $-plus deal booking during Q3

MD&CEO Chatterjee said to see the effects of inflationary slowdown among clients in late Q4 (the March quarter).

#LTIMindtree

#LTIMindtree
Chatterjee said:

For Q4, there are sectors where clients are cautious in formalising their budgets in specific segments like retail, consumer packaged goods or hi-tech but they have not seen programs being cancelled.

Industy experts saying that the IT sector may be impacted by delayed decision making or cut in technology spending on account of macroeconomic challenges such as high inflation and geopolitical tensions in Europe.