The winter for the general engineering R&D (ER&D) space is over and spring may be around the corner, LTTS said in its December quarter (Q3FY24) earnings call. In fact, LTTS is of the view that this is likely to be the case for the entire industry. Yes, potential interest rate cuts by the US Federal Reserve in 2024 is fuelling hopes of revival for IT companies. Nonetheless, amid the looming global macro uncertainty and with tier-1 IT firms still cautious about near-term demand, LTTS’ outlook appears bold.
In Q3, LTTS sequential constant currency revenue growth at 0.9% missed consensus estimate, impacted by furloughs. But the management has retained its FY24 CC revenue growth guidance of 17.5-18.5% year-on-year. In contrast, larger peer Infosys tightened its FY24 CC revenue growth guidance from 1.0-2.5% year-on-year to 1.5-2.0%. HCL Technologies narrowed its overall FY24 CC revenue growth guidance from 5-6% earlier to 5.0-5.5%.
Denne historien er fra January 18, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 18, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A counterintuitive view on education
A book about Shomie Das, principal of three posh schools, serves as a rich distillation of his thoughts on education
The loss of sound in our noisy lives
Sound memory fades faster than visual memory. In a world as rapidly changing as ours, a museum of endangered sounds makes sense
A whole new League
When Arcane first dropped on Netflix, it didn't just break the mold for animated television—it shattered it into shiny fragments, each as intricate as the show's hand-painted aesthetic.
When pets get cancer
Advances in veterinary sciences have enabled several treatments, but early detection can make all the difference
Reduction of energy costs in the telecom sector
With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply
Skip cheese and sip wine in Switzerland
Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations
Bankers aren't always frank about bank regulation
The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.
Baku: A climate breakthrough looks depressingly bleak today
The success of fossil fuel-favouring politics threatens the planet
Global solidarity levies can play a vital role in our climate efforts
Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times
Speak for the Earth: It's the least we should do
This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?
