In dollar terms, the picture was more subdued. LTIMindtree reported dollar revenue of $1,233.5 million, marginally higher than the previous quarter’s $1,222 million, representing near-flat sequential growth. Constant currency growth on a quarter-on-quarter basis came in at just 0.3 percent, reflecting the broader sluggishness in discretionary IT spending that has characterised the sector through much of the current cycle. While not a strong growth number, it does represent stability rather than decline at a time when several IT companies have been navigating headwinds from client caution and project deferrals.
