LTIMindtree announced a contract extension with Nexi Group, a leading European PayTech provider. This collaboration is set to elevate Nexi`s technology landscape across its core acquiring, issuing, and ecommerce platforms, further solidifying its position as a key player in the digital payments space. As a part of this partnership, LTIMindtree will leverage its technical expertise and cutting-edge solutions to optimize Nexi`s core platforms, ensuring enhanced performance, innovation, and scalability. LTIMindtree will also manage Nexi`s hybrid infrastructure, enabling a seamless integration of on-premise and cloud-based solutions, while supporting the company`s digital transformation efforts. Powered by Capital Market - Live News

LTIMindtree announced that it has expanded its presence in the United States with the inauguration of its new facility in Houston, TX. The 6,500-square-foot facility will serve as a major hub for innovation with LTIMindtree`s Houston-based clients. It is intended to foster stronger collaboration with the energy and oil & gas companies that leverage LTIMindtree`s technology solutions and services to grow their businesses. By strengthening its presence in the region, LTIMindtree is furthering its vision of becoming a long-term part of the Houston community as well as a partner of choice to help companies transform into intelligent enterprises. The official ribbon-cutting ceremony, held on November 12, 2024, featured representatives from LTIMindtree as well as several key figures within the Houston area, including Brad Mushinski, Director of Constituent Services, Houston City Council District G attending on behalf of Councilmember Mary Nan Huffman and D. C. Manjunath, Consul General of India, Houston. Located alongside other leading technology providers in the Northwest Houston region, the facility will be used to develop AI, digital transformation, environmental, social and governance (ESG) solutions. The company will also host joint innovation workshops and design thinking sessions here. The facility will also serve as a training site to upskill the company`s as well as client`s talent on next-generation technologies and solutions. Powered by Capital Market - Live News

LTIMindtree announced that Nielsen & Partner, a step down wholly-owned subsidiary of the Company in Australia has been deregistered w.e.f. 23 October 2024, pursuant to an internal reorganization exercise. Powered by Capital Market - Live News

Net profit of LTIMindtree rose 7.68% to Rs 1251.00 crore in the quarter ended September 2024 as against Rs 1161.80 crore during the previous quarter ended September 2023. Sales rose 5.92% to Rs 9432.90 crore in the quarter ended September 2024 as against Rs 8905.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales9432.908905.40 6 OPM %18.0118.32 - PBDT1927.901727.50 12 PBT1686.801519.30 11 NP1251.001161.80 8 Powered by Capital Market - Live News

LTIMindtree announced that the Board of Directors of the Company at its meeting held on 17 October 2024, has recommended a Interim dividend of Rs.20 per share (i.e.2000%), subject to the approval of the shareholders.Powered by Capital Market - Live News