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Vinit Teredesai resigns as LTIMindtree CFO, Vipul Chandra to take over
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Mint earlier. LTIMindtree has so far experienced a mixed fiscal year, with the overall weak business environment reflected in the company’s earnings.
For the December quarter, the company reported $1.08 billion in revenues, up 0.8% sequentially, while net profit grew marginally to $140.5 million from the September quarter. The IT company reported an operating margin of 15.4% in the three months to December, down 60 basis points sequentially and below its full-year guidance of 17-18%, something the company attributed to less working days, unfavourable and cautious macroeconomic conditions.Milestone Alert!
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