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LTIMindtree, the L&T Group’s software services arm, on Wednesday posted muted profit growth in the January-March quarter, a period when the Indian IT industry has flagged the impact of the US-triggered tariff war on client spending and warned of continued uncertainties.
Net profit for the quarter ended March 31 rose 2.5% from a year earlier to Rs 1,129 crore. Revenue increased 9.9% on year to Rs 9,772 crore, helped by foreign exchange gains because of the rupee’s weakness against the dollar and double-digit growth in its largest region, North…
