LTIMindtree Implements AI Solutions Across Top Clients, Boosts Profit and Revenue
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LTIMindtree, a leading IT services company, has achieved remarkable growth by integrating Artificial Intelligence (AI) into its operations. In the quarter ending September, the company saw a 3.2% sequential revenue increase and a notable 10.3% rise in net profit, reaching ₹1,251.6 crore. This growth is largely attributed to significant AI deployments across its top 100 clients, with around 40 of them already implementing AI or Generative AI (GenAI) in their processes. CEO Debashis Chatterjee emphasized that these AI solutions are primarily focused on enhancing operational efficiency and accuracy, leading to cost savings for clients, rather than directly driving revenue. "Most AI use cases we've implemented target productivity by improving efficiency and accuracy, especially in sectors like banking, financial services, and insurance (BFSI)," said Chatterjee. LTIMindtree recently secured a sizable deal in the BFSI space, valued as a significant win even though it has a sh...