LTIMindtree Reports Strong Q2 Growth Driven by AI and Digital Transformation

LTIMindtree has reported a strong performance for the second quarter of FY26, posting double-digit growth driven by the continued adoption of artificial intelligence and digital transformation solutions across global enterprises. The company’s consolidated revenue crossed ₹10,000 crore, reflecting robust demand across sectors such as banking, manufacturing, healthcare, and retail.

According to the company’s financial disclosures, LTIMindtree’s net profit rose 10 percent year-on-year, reaching ₹1,394 crore for the quarter, while sequential growth stood at over 10 percent, underlining its operational efficiency and improved deal execution. The company also declared an interim dividend of ₹22 per share, highlighting confidence in its growth trajectory and liquidity position.

Executives attributed the growth to accelerated enterprise adoption of generative AI, cloud migration, and automation technologies. The company’s leadership said AI-driven solutions accounted for a growing share of new business wins, particularly in areas such as predictive analytics, intelligent operations, and customer experience optimization.

Debashis Chatterjee, CEO and Managing Director of LTIMindtree, said the results reflect the company’s strong positioning in the evolving digital ecosystem. “Our sustained focus on AI, analytics, and enterprise modernization has helped us deliver resilient growth amid global uncertainties. Clients are increasingly relying on us to navigate their digital journeys and extract tangible business value from technology,” he said.

LTIMindtree secured deals worth USD 1.6 billion in total contract value during the quarter, with a significant portion driven by AI-powered digital programs and cloud infrastructure services. The company highlighted that many of its top clients have begun scaling pilot AI deployments into full-fledged enterprise implementations, indicating a maturing demand landscape.

Revenue growth was particularly strong in the North American and European markets, which continue to be LTIMindtree’s key revenue contributors. The BFSI (Banking, Financial Services, and Insurance) and manufacturing segments witnessed steady recovery, supported by cost optimization initiatives and renewed investment in automation-led business transformation.

In a statement, Sudhir Chaturvedi, President and Executive Board Member, emphasized the role of AI in reshaping enterprise IT spending priorities. “We are seeing AI move from experimentation to enterprise integration. Clients are now embedding AI into their business models, supply chains, and customer engagement layers. Our expertise in cognitive automation, digital engineering, and cloud transformation has positioned us well to capture this demand,” he said.

The company also noted progress in its platform-based digital offerings, including its data intelligence suite and industry-specific AI accelerators. These offerings have enabled clients to implement outcome-driven digital initiatives faster, combining data modernization with scalable automation.

LTIMindtree’s digital revenues, which include cloud, data, and AI-driven solutions, now represent nearly 68 percent of total revenues, compared to 61 percent during the same period last year. This reflects a broader industry trend where technology service providers are transitioning from traditional IT outsourcing to digital and cognitive service delivery models.

Analysts believe LTIMindtree’s strong quarterly performance demonstrates resilience amid macroeconomic volatility and tightening technology budgets. The company’s ability to secure large-scale digital transformation projects and its focus on operational excellence have helped it maintain profitability despite sectoral headwinds.

Market observers also noted that LTIMindtree’s ongoing AI investments are beginning to yield results. The company has established dedicated AI labs and innovation centers focused on developing industry-specific use cases. Its recent partnerships with hyperscalers and generative AI startups are expected to further enhance its technological depth.

During the quarter, the company also ramped up its AI workforce training programs, ensuring that a significant portion of its employees are certified in machine learning, data science, and cloud architecture. This internal upskilling initiative is seen as key to meeting the surge in enterprise AI demand and supporting large-scale deployments.

The company said it expects continued growth momentum in the second half of FY26, targeting high single-digit to low double-digit USD revenue growth for the fiscal year. The management reiterated its commitment to strengthening client relationships, expanding AI-led service lines, and maintaining disciplined financial performance.

Industry experts view LTIMindtree’s Q2 results as part of a broader positive outlook for India’s IT services sector, where major firms are betting on AI as the next major growth catalyst. “LTIMindtree’s performance underscores how AI-driven modernization has become central to enterprise technology spending. Its execution capability, combined with its focus on digital platforms, positions it among the stronger mid-to-large Indian IT players,” said an analyst from ICICI Securities.

The company also reported a healthy EBIT margin of around 14.7 percent, supported by improved utilization and cost optimization measures. Its workforce strength remained stable at approximately 83,500 employees, with a focus on strategic hiring for high-demand technology roles. Attrition rates continued to decline, aligning with industry trends toward normalized hiring after years of volatility.

LTIMindtree’s management added that while macroeconomic uncertainties persist, client spending on AI and digital transformation remains stable. “The demand environment is steady, and we are optimistic about sustaining growth through a diversified client base and strong delivery capabilities,” said Chatterjee.

The company’s focus on AI-infused enterprise modernization, hybrid cloud adoption, and data-driven decision systems continues to drive its growth engine. With AI and automation forming the core of its strategic roadmap, LTIMindtree aims to strengthen its position as a technology partner for global enterprises seeking intelligent, future-ready transformation.

LTIMindtree’s Q2 performance reinforces the view that India’s IT industry is moving into a new growth phase defined by AI-driven value creation, platform engineering, and cloud-native business innovation. As enterprises worldwide prioritize operational agility and digital continuity, LTIMindtree appears well placed to leverage its integrated approach across data, cloud, and cognitive technologies.