LTIMindtree aims to achieve “close to double-digit” year-on-year (YoY) revenue growth in the second half of the current financial year, according to the company’s Managing Director and CEO, Venu Lambu. The target reflects the company’s confidence in its multi-pronged growth strategy, which prioritizes winning large deals, expanding margins, and leveraging Artificial Intelligence (AI) across client engagements.
“As far as our commentary was at the end of Q1, I went ahead and said that at some time in the second half of the year, we would like to see a higher single digit or very close to double digit year-on-year growth coming back to us,” Lambu said during a conversation with NDTV Profit on Friday.
Alongside revenue growth, LTIMindtree plans to expand its margins by 100 basis points over the next two quarters. “So, we expanded our margin in Q1 and we are committing to expanding our margin over the next two quarters by 100 basis points,” he stated, underlining the company’s focus on profitability in addition to top-line expansion.
A key driver of LTIMindtree’s performance, according to Lambu, is a combination of vendor consolidation, AI adoption, and ongoing client modernization projects. “Vendor consolidation is a big theme. There are opportunities in vendor consolidation that are translating into very large deals. We announced one of the large deals in quarter one, and we will announce another one very soon. We are in that process,” he explained.
On modernization projects, Lambu noted, “I think there are still clients who have, we take some of the modernisation projects so that they get ready from an AI perspective.” He added that AI is increasingly at the centre of client investments, moving beyond experimental initiatives. “It’s at the core. So, investments are happening in AI. And we are seeing significant traction on AI projects, as well as how you infuse AI into our existing capabilities,” he emphasized.
Addressing concerns about AI-driven disruptions, Lambu highlighted that the company’s approach is proactive. “Even to win the large deals, you need the AI capabilities. While there is an aspect of AI shrinking existing engagements, if you look at the larger picture, the potential that exists with AI, it’s pretty huge.” He further added, “I actually see AI as a great opportunity for us to accelerate our growth trajectory while we navigate some headwinds with regard to the shrinkage of revenue of certain categories.”
With this strategy, LTIMindtree is positioning itself to capitalize on AI-led opportunities while continuing to secure large-scale client deals and enhance profitability, signaling strong momentum for the latter half of the financial year.
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