LTIMindtree CEO Debasis Chatterjee says deal delays consistent across all business sectors

Delays in deal closures hurt LTIMindtree in the June quarter, helping explain its underwhelming revenue and profit scorecard despite an encouraging order pipeline, but CEO Debasis Chatterjee believes stronger offshoring demand undergirded by cost efficiencies helped expand operating margins at the newest member of the elite Nifty 50 club.

“We expected quite a few deals to close in Q1, but (those) got dragged into Q2,” Chatterjee told ET. “The decision making process- there has been consistent delays across all the sectors.”