LTIMindtree Q1 revenue, profit rise on deal ramp-ups, improved digital spends

LTIMindtree on Wednesday reported a sequential increase in its revenue and net profit for the quarter ended June, driven by deal ramp-ups and a rise in digital spending by clients. However, while the topline exceeded estimates, the bottomline slightly missed Street expectations.”While the environment remains unchanged, fiscal 2025 started on a positive note for us…This is attributed to a measured uptick in IT spending for critical initiatives with clients balancing innovation and fiscal prudence,” Debashis Chatterjee, chief executive officer and managing director of the company, said.The consolidated revenue rose nearly 3% quarter-on-quarter to `9,142.6 crore in April-June. This is also higher than the Bloomberg estimate of `9,075 crore.