Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
'Client caution is slowing IT'
Mint Mumbai
|January 19, 2024
Extreme caution among clients in the global market has sparked a slowdown across verticals in the IT industry, Debashis Chatterjee, managing director and chief executive officer of LTIMindtree said.
-
The trend is reflected in LTIMindtree's quarterly earnings as well. The company's target of achieving 17-18% operating margin by this quarter is being pushed back due to the slowdown, and this could also impact its long-term $10-billion revenue goal, Chatterjee said in a post-earnings interview. Edited excerpts:
What is the most important takeaway from your earnings?
Delays in decision-making among clients continue. This is impacting our ability to predict upcoming quarterly businesses, to some extent. It's not just us the entire industry is facing that. There are also deeper, wider furloughs in the December quarter.
There are furloughs in industries which never used to have, such as oil and gas, and manufacturing. In fact, slowdowns are not just in these verticals they're broad-based.
Denne historien er fra January 19, 2024-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Nelco crosses first step to satcom reselling licence
Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.
3 mins
October 02, 2025
Mint Mumbai
WHAT A YEAR AT COLUMBIA TAUGHT ME
An Indian journalist at Columbia University navigated a tumultuous year, learning unusual life lessons
8 mins
October 02, 2025
Mint Mumbai
Festive demand, tax cut power up auto sales in Sep
Powered by tax cuts and festive spirits, automobile sales took off in September, cheering manufacturers across the board.
3 mins
October 02, 2025
Mint Mumbai
Central bank seen keeping its options open on Tata Sons IPO
A day after the Reserve Bank of India's deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra's comment leaving the matter open to interpretation.
2 mins
October 02, 2025
Mint Mumbai
US trade pact close, comprehensive deal to sidestep patents
As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.
2 mins
October 02, 2025
Mint Mumbai
RBI unveils plans to bolster credit flow to corporates, capital market
Regulator to remove cap on banks’ market lending to single group, proposes to allow acquisition funding
2 mins
October 02, 2025
Mint Mumbai
Cough syrup kills 6 children in MP; govt begins probe
Early reports suggest the syrups may have been tainted with diethylene glycol, a toxic chemical
1 mins
October 02, 2025
Mint Mumbai
Prez Trump's proposed changes to visa rules assailed by chip industry
The F-1 student visa serves as a critical pipeline to the tech workforce
4 mins
October 02, 2025
Mint Mumbai
Top firms tick boxes, but lag on diversity, independence
India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.
2 mins
October 02, 2025
Mint Mumbai
RBI rate actions are signals that markets need not always heed
Contrary to widespread belief, monetary transmission is both slower and far-from-linear, globally
3 mins
October 02, 2025
Listen
Translate
Change font size