India's LTIMindtree drops as quarterly revenue misses estimates

LTM

18/07/2025 05:56

** India's LTIMindtree LTIM.NS drops ~2% to 5,095 rupees

** Stock loses most among 10 stocks on IT index .NIFTYIT, which is trading 0.3% lower

** India's no. 6 IT services firm by revenue misses first-quarter revenue estimates on slow growth in its North America business

** CLSA analysts call growth in LTIM's top five clients "anaemic"

** Adds, LTIM's underlying capabilities are not reflecting in its growth ambitions yet

** Larger rival Wipro WIPR.NS, which also reported on Thursday, beat estimates; shares up ~3%

** LTIM among six stocks on IT index rated "hold" on avg - data compiled by LSEG

** YTD, stock down ~9% vs IT index's ~15% decline

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))