This collaboration is set to elevate Nexi's technology landscape across its core acquiring, issuing, and ecommerce platforms, further solidifying its position as a key player in the digital payments space. As part of this partnership, LTI Mindtree will utilize its technical expertise and advanced solutions to optimize Nexi's core platforms, driving enhanced performance, innovation, and scalability. Additionally, LTI Mindtree will manage Nexi's hybrid infrastructure, ensuring seamless integration of on-premise and cloud-based solutions, while supporting the company's digital transformation efforts. Giuseppe Dallona, CIO of Nexi Group said, 'Their proven expertise and global reach will help us enhance the resilience and flexibility of our platforms, supporting Nexi's mission to offer secure, innovative, and frictionless payment solutions for businesses and consumers across Europe.' Sudhir Chaturvedi, president & executive board member of LTIMindtree said, 'This partnership underscores our commitment to empower leading enterprises with advanced technology innovation. By leveraging our deep domain expertise and global delivery capabilities, we are confident in driving Nexi's growth and success in the highly competitive digital payments industry.' LTI Mindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTI Mindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. The company's consolidated net profit jumped 10.3% to Rs 1,251.6 crore on 2.85% rise in revenue from operations to Rs 1,126.6 crore in Q2 FY25 over Q1 FY25. Powered by Capital Market - Live

LTIMindtree announced a contract extension with Nexi Group, a leading European PayTech provider. This collaboration is set to elevate Nexi's technology landscape across its core acquiring, issuing, and ecommerce platforms, further solidifying its position as a key player in the digital payments space. As a part of this partnership, LTIMindtree will leverage its technical expertise and cutting-edge solutions to optimize Nexi's core platforms, ensuring enhanced performance, innovation, and scalability. LTIMindtree will also manage Nexi's hybrid infrastructure, enabling a seamless integration of on-premise and cloud-based solutions, while supporting the company's digital transformation efforts. Powered by Capital Market - Live

LTIMindtree announced that it has expanded its presence in the United States with the inauguration of its new facility in Houston, TX. The 6,500-square-foot facility will serve as a major hub for innovation with LTIMindtree's Houston-based clients. It is intended to foster stronger collaboration with the energy and oil & gas companies that leverage LTIMindtree's technology solutions and services to grow their businesses. By strengthening its presence in the region, LTIMindtree is furthering its vision of becoming a long-term part of the Houston community as well as a partner of choice to help companies transform into intelligent enterprises. The official ribbon-cutting ceremony, held on November 12, 2024, featured representatives from LTIMindtree as well as several key figures within the Houston area, including Brad Mushinski, Director of Constituent Services, Houston City Council District G attending on behalf of Councilmember Mary Nan Huffman and D. C. Manjunath, Consul General of India, Houston. Located alongside other leading technology providers in the Northwest Houston region, the facility will be used to develop AI, digital transformation, environmental, social and governance (ESG) solutions. The company will also host joint innovation workshops and design thinking sessions here. The facility will also serve as a training site to upskill the company's as well as client's talent on next-generation technologies and solutions. Powered by Capital Market - Live

LTIMindtree Ltd fell for a fifth straight session today. The stock is quoting at Rs 5640, down 2.68% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.52% on the day, quoting at 24213.1. The Sensex is at 79418.65, down 0.65%.LTIMindtree Ltd has eased around 10.1% in last one month.Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has eased around 4.76% in last one month and is currently quoting at 41668.6, down 3.01% on the day. The volume in the stock stood at 3.17 lakh shares today, compared to the daily average of 3.4 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5630.85, down 2.74% on the day. LTIMindtree Ltd jumped 12.83% in last one year as compared to a 27.51% rally in NIFTY and a 33.18% spurt in the Nifty IT index.The PE of the stock is 37.66 based on TTM earnings ending September 24.Powered by Capital Market - Live

LTIMindtree announced that Nielsen & Partner, a step down wholly-owned subsidiary of the Company in Australia has been deregistered w.e.f. 23 October 2024, pursuant to an internal reorganization exercise. Powered by Capital Market - Live

 LTIMindtree announced the launch of 'AI-Smart Underwriter' solution developed in collaboration with ServiceNow to empower underwriters to make more informed, data and AI-driven decisions while driving efficiency through intelligent automation. Through this effort, LTIMindtree will create better experiences and drive value for insurers. As a Strategic Platform Build Partner, the certified AI-Smart Underwriting solution simplifies insurance underwriting with a single, seamless, and integrated view of risk and automation of processes. From submission intake to policy binding and renewals, AI-Smart Underwriting from LTIMindtree and powered by the ServiceNow platform will enable underwriting teams to save efforts on manual tasks and focus on making business critical decisions such as risk selection, eligibility, and pricing. The AI-Smart Underwriting platform serves as central hub where underwriters can access and manage all relevant information, assisted by tools, and resources to evaluate risks and make informed decisions. This will revolutionize traditional insurance underwriting by automating their work with advanced data analytics, AI, and digital tools to provide fast, accurate, and scalable services. AI-Smart Underwriting will enable efficient agent collaboration and empower underwriters with critical insights to make quicker decisions. Powered by Capital Market - Live

The key equity barometers traded with minor losses in morning trade. The Nifty tanked below the 24,750 mark. IT shares declined after advancing in the previous trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 155.38 points or 0.17% to 80,866.81. The Nifty 50 index lost 23.30 points or 0.09% to 24,725.90. In the broader market, the S&P BSE Mid-Cap index fell 0.20% and the S&P BSE Small-Cap index declined 0.59%. The market breadth was weak. On the BSE, 1,334 shares rose and 2,208 shares fell. A total of 177 shares were unchanged. Result Today: Tata Consumer Products (down 0.87%), Jio Financial Services (down 0.08%), ICICI Lombard General Insurance Company (down 0.56%), Zee Entertainment Enterprises (up 0.32%), Aether Industries (down 1.02%), L&T Finance (down 1.10%), Manba Finance (down 0.80%), Mastek (up 1.04%), Jindal Saw (down 0.78%), Oberoi Realty (down 0.25%), Hindustan Zinc (down 1.26%), Tejas Networks (up 6.66%), Kesoram Industries (up 0.22%), Ashapuri Gold Ornament (down 1.71%), Benares Hotels (down 0.21%), Best Agrolife (down 3.27%), Duncan Engineering (down 2.83%), Elecon Engineering (down 2.45%), Ganesh Housing Corporation (down 2.69%), GNA Axles (down 0.82%), Indostar Capital Finance (down 0.85%), Mangalore Refinery & Petrochemicals (down 1.74%), Ponni Sugars (Erode) (down 1.14%), Sarveshwar Foods (down 0.85%) and Supreme Infrastructure India (up 1.99%) will announced their quarterly earnings later today. Buzzing Index: The Nifty IT index fell 1.95% to 41,900.75. The index rose 1.19% in the past trading session. LTIMindtree (down 5.44%), Infosys (down 4.17%), Tech Mahindra (down 2.58%), Persistent Systems (down 2.12%) and Mphasis (down 1.5%), Coforge (down 1.44%), HCL Technologies (down 1.08%), L&T Technology Services (down 0.83%) edged lower. On the other hand, Wipro (up 4.08%),Tata Consultancy Services (up 0.21%) edged higher. LTIMindtree tumbled 5.44%. The company's consolidated net profit jumped 10.3% to Rs 1,251.6 crore in Q2 FY25 as compared with Rs 1,135.1 crore in Q1 FY25. Revenue from operations increased 2.8% QoQ to Rs 1,126.6 crore during the quarter. Infosys slipped 4.17%. The IT major reported 2.2% rise in consolidated net profit to Rs 6,506 crore on a 4.25% increase in revenues to Rs 40,986 crore in Q2 FY25 over Q1 FY25. Wipro rallied 4.08% after the IT major's consolidated net profit grew 6.85% to Rs 3,208.8 crore in Q2 FY25 as against Rs 3,003.2 crore recorded in Q1 FY25.Revenue from operations increased 1.54% to Rs 22,301.6 crore in the September 2024 quarter as against Rs 21,963.8 crore reported in the preceding quarter same year. Powered by Capital Market - Live

Net profit of LTIMindtree rose 7.68% to Rs 1251.00 crore in the quarter ended September 2024 as against Rs 1161.80 crore during the previous quarter ended September 2023. Sales rose 5.92% to Rs 9432.90 crore in the quarter ended September 2024 as against Rs 8905.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales9432.908905.40 6 OPM %18.0118.32 - PBDT1927.901727.50 12 PBT1686.801519.30 11 NP1251.001161.80 8 Powered by Capital Market - Live

LTIMindtree announced that the Board of Directors of the Company at its meeting held on 17 October 2024, has recommended a Interimdividend of Rs.20 per share (i.e.2000%), subject to the approval of the shareholders.Powered by Capital Market - Live

Revenue from operations increased 2.8% QoQ to Rs 1,126.6 crore during the quarter. On year on year (YoY) basis, the company's net profit and revenue jumped 7.7% and 4.7% respectively in Q2 FY25. EBIT stood at Rs 1,458.2 crore in Q2 FY25, up 2.5% YoY and 6.4% QoQ. EBIT margin fell to 15.5% in Q2 FY25 as compared with 16% in Q2 FY24. In dollar terms, the IT firm's revenue stood at $ 1,126.6 million in Q2 FY25 up 2.8% QoQ and 4.7% YoY. Net profit was at $ 149.5 million, up 9.8% QoQ and up 6.5% YoY. In constant currency terms, revenue grew 2.3% QoQ and 4.4% YoY. The company said that it added 22 new clients during the quarter ended 30 September 2024. Total client base currently stood at 742 active clients in Q2 FY25. Total headcount in Q2 FY25 was 84,438. The firm's TTM attrition rate stood at 14.5% in Q2 FY25. Debashis Chatterjee, chief executive officer and managing director, said, 'Q2 was a good quarter marked by broad-based sequential growth experienced across all our verticals and geos, helping us register a dollar growth of 2.8%. We had several multi-year deal closures, including a USD 200 million+ deal. Continued deal momentum in key verticals and significant Q2 hiring, including freshers, positions us well as we enter into the latter half of the fiscal year. As GenAI becomes pivotal in customer interactions, there is a noticeable trend of modernization efforts focusing on transforming the data estate. Our robust Data practice, combined with our innovative LTIMindtree AI platform, establishes us as a significant disruptor.' Meanwhile, the company's board declared an interim dividend of Rs 20 per share of Re 1 each for FY25. The record date for the same is fixed at 25 October 2024. Further, the board has also approved closure of LTIMindtree Spain S.L. and LTIMindtree LLC, wholly-owned subsidiaries of the company. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. The counter rose 0.70% to end at Rs 6,403.20 on the BSE.Powered by Capital Market - Live