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'Strong deal pipeline though we had expected a soft Q1'
Mint Mumbai
|June 22, 2023
LTIMindtree, which started trading as a merged entity from 24 November, ended FY23 with 27% growth in rupee revenue
In an interview, Debashis Chatterjee, chief executive of the company, created by the merger of erstwhile Larsen & Toubro Infotech with Mindtree, said despite initial expectations, the June quarter is likely to remain “soft". He also spoke about why LTIMindtree’s targeted operating margin rise will happen over a longer period, how tech deals have changed due to macroeconomic slowdown, and why generative artificial intelligence (AI) will take time to translate into billable projects. Edited excerpts:
The June quarter was widely forecasted to be a weak one. How has it panned out so far?
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