Moneycontrol had earlier reported that COO Nachiket Deshpande pipped Sudhir Chaturvedi to become the frontrunner for CEO post, after Debashis Chatterjee.
Sudhir Chaturvedi, President- Markets, LTIMindtree said that the company’s large deals are $20 million-plus in the total contract value. Since 75% percent of these deals are in the cost-reduction space, the good thing is that they tend to be 3-7 year deals and will allow better planning of resources and costs, he said.
LTIMindtree will help Criteo to enhance business agility, IT service quality, and scalability.
The company intends to focus on its top five accounts, which make up around 25 percent of its overall revenue, says CEO Debashis Chatterjee.
LTI and Mindtree are expected to announce combined earnings from Q3 onwards; will boost deal pipeline
While short-term prospects of the company for the next two quarters look positive, the management remained cautious of the demand cycle in the quarters beyond calendar year 2022.
In an interview with CNBC-TV18, Sudhir Chaturvedi, COO of NIIT Technologies discussed the company's third quarter results for this fiscal.
NIIT Technologies has surpasseds analysts' expectations on Friday with second quarter consolidated net profit rising 16.6 percent sequentially to Rs 68.2 crore on strong operational growth.
“The quarter witnessed robust 8.9 percent sequential growth in international geographies which helped maintain operating margins at 16.3 percent despite wage hikes†said Arvind Thakur, CEO and Joint MD, NIIT Technologies.
According to Sudhir Chaturvedi COO, NIIT Technologies margins for the company are on an upward trend on back of good order intake, especially from US market business.
Analysts believe the full year dollar revenue guidance (FY14) is the key to watch out for. According to them, if the company does not increase the guidance then the stock may see knee-jerk reaction.
Stephen Pratt had played a key role in building the consulting business for Infosys and was a member of the executive council.
During the period, the IT major's attrition rate increased to 17.3 percent compared to 16.9 percent in the June quarter. It saw net addition of 2,964 employees in the quarter. Overall, 12,168 employees joined Infosys and its subsidiaries during the second quarter.