LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 crore

LTIMindtree on Thursday reported a 10.1% sequential growth in its net profit for the July-September period when its quarterly revenue crossed the Rs 10,000-crore mark for the first time, helped by better than expected margin improvement and mega-deal wins.

The L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of Rs 10,394 crore, up 10.2% on year and by 10.2% sequentially.

Its operating margin also beat analyst estimates at 15.9% and expanded by 100 bps sequentially and…