Why investors should not bet too much on LTIMindtree’s USD10 billion aspiration

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As the New Year beckons, people begin to think of resolutions. IT companies follow a somewhat similar process, though their goals are termed ‘aspirations.’ At the end of November, LTIMindtree unveiled its ‘aspirational target.’ The company plans to more than double its revenue to USD10 billion by FY32, organically, or sooner with acquisitions. Sister company L&T Technology Services also plans to nearly double its revenue to USD2 billion,



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Why investors should not bet too much on LTIMindtree’s USD10 billion aspiration



As the New Year beckons, people begin to think of resolutions. IT companies follow a somewhat similar process, though their goals are termed ‘aspirations.’ At the end of November, LTIMindtree unveiled its ‘aspirational target.’ The company plans to more than double its revenue to USD10 billion by FY32, organically, or sooner with acquisitions. Sister company L&T Technology Services also plans to nearly double its revenue to USD2 billion,



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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