India's LTIMindtree posts better-than expected Q2 revenue, profit
LTI Mindtree revenue rose 8.2% to 89.05 billion rupees in the quarter, beating analysts estimates of 88.70 billion rupees.
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LTI Mindtree revenue rose 8.2% to 89.05 billion rupees in the quarter, beating analysts estimates of 88.70 billion rupees.
The share allotment is consequent upon exercise of stock options granted under the ‘LTIMindtree Employee Stock Options Scheme 2015’, it added.
No, but we do expect improvement. Now, whether it happens say second half Q3 or it starts Q4 or it gets a bit more protracted, I think that is probably more a near term debate.
The variable payout for the remaining employees will be based on their business units performance, said chief human resources officer Milind Lakkad.
L&T's services portfolio now constitutes 32 per cent of its revenues