New Delhi, April 23 -- IT services firm LTIMindtree Ltd announced a 2.6% year-on-year increase in its consolidated net profit for the fourth quarter of FY25, reaching Rs.1,128.5 crore, slightly surpassing the Rs.1,107 crore recorded during the same period last year. On a sequential basis, the profit grew by 3.9% from Rs.1,086.7 crore reported in Q3.

The company's board has proposed a final dividend of Rs.45 per share (face value of Rs.1 each) for the financial year. Ahead of the earnings announcement, LTIMindtree's stock jumped over 5% on Tuesday, closing at Rs.4,537.9 on the NSE.

Commenting on the performance, CEO and MD Debashis Chatterjee stated, "The strong flow of orders, particularly fuelled by Artificial Intelligence (AI)-led deals, showcases the deepening adoption of AI across our portfolio of services."

As of 31 March, LTIMindtree had 741 active clients, maintaining a stable client base compared to 742 in the previous quarter. The firm added two new clients during the quarter, significantly fewer than the 30 new additions seen during the same period last year. In the above $5 million and over $50 million revenue categories, the company added one new client each over the year, bringing the totals to 154 and 14 clients, respectively.

On the workforce side, the company reported an employee strength of 84,307 at the end of Q4 FY25. The trailing 12-month attrition rate stood at 14.4%, reflecting ongoing efforts to manage talent retention amid a competitive job market.

Meanwhile, HCLTech, India's third-largest IT services company, reported a 1.2% quarter-on-quarter and a 6.1% year-on-year rise in revenue for Q4 FY25, reaching Rs.30,246 crore. However, growth was somewhat muted by global macroeconomic challenges. Despite this, HCLTech emphasised its focus on Artificial Intelligence, securing 12 new AI- and automation-related contracts during the quarter, and reinforcing AI's role as a key growth driver for the year.

Recently, leading Indian IT companies - Tata Consultancy Services (TCS), Infosys, and Wipro - reported mixed results for Q4 FY25. Their performances were weighed down by a slowing global economy, demand fluctuations, and potential US tariffs. Nevertheless, AI remained the central theme in their earnings calls, indicating a shift from mere enthusiasm around AI to deeper, strategic investments.

Published by HT Digital Content Services with permission from TechCircle.