We are very confident that H2 will be better than H1 of FY24: LTIMindtree CEO

economictimes.indiatimes.com:

Debashis Chatterjee, CEO & MD, LTIMindtree, says “while last year we were very confident that we should see good growth but having seen the Q1 and Q2, it is probably not fair to call out anything specifically. But as I said, we are fairly confident that our second half will be better than the first half. So you can do the math and we have to probably wait for another quarter to see where we eventually end up. But definitely we are confident that the second half will be better than the first half.”

Let us just start by talking about your numbers. You sounded very confident about your second half being stronger than the first half of FY24. What gives you such confidence?
We have always been saying that this whole year has a very cautious outlook and now we can confidently say that the cautiousness will continue through the rest of the calendar year. But having said that, we have closed many opportunities in Q1 and Q2 which are ramping up and so in spite of the challenges that we see in Q3 in terms of furloughs, in terms of some ramp down etc, but given the fact that there are a lot of ramp-ups also which will happen we are very confident that our second half will be better than the first half of FY24.

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Apart from that, we are also hopeful that many of the clients are now talking about their budgets for the next year and most of the clients that we work with – have fiscals from January to December. So I am hoping that some spending may come back as we go along but at least