This large-cap IT giant collaborates with Microsoft to assist in AI; Multibagger stock has a strong clientele like Google, Oracle, and SAP!

It is Large-cap IT giant with market capitalization of Rs 1,78,745 crore, currently trading at Rs 6,040 and has generated mutlibagger returns of 800 per cent in a decade.

LTIMindtree Collaborates with Microsoft to Deliver AI Powered Employee Engagement Applications

A global technology consulting and digital solutions company, announced a strategic collaboration with Microsoft to introduce cutting-edge, AI Powered Employee Engagement Applications. This collaboration marks a significant leap forward in delivering enhanced employee and customer experiences.

These Generative AI Powered Employee Engagement Applications will revolutionise organisational performance and enable more personalisation as part of LTIMindtree's unique Canvas.AI range of AI technologies and solutions. LTIMindtree's Generative AI-powered Employee Engagement Applications leverage Microsoft Azure OpenAI Service and Azure Cognitive Search to allow a variety of AI-led features such as content summarization, graph-led knowledge structuring, and a novel copilot. This innovative strategy is expected to improve organisational cognitive intelligence, establishing a new benchmark for employee engagement apps.

Management Commentary

Nachiket Deshpande, Whole-Time Director and Chief Operating Officer, LTIMindtree, said, "Our collaboration with Microsoft for Generative AI Powered Employee Engagement applications signifies a major leap towards transforming industries and delivering innovation. This collaboration signifies our commitment to pushing the boundaries of what is possible, enhancing the employee experience for enterprises globally. We believe that by harnessing the capabilities of generative AI, we can drive meaningful change and unlock unprecedented value for our clients."

"We’re excited to expand our collaboration with LTIMindtree,” said Kelly Rogan, Corporate Vice President of Global System Integrators and Advisory Partners at Microsoft. “LTIMindtree is delivering innovative employee engagement applications, built on Azure OpenAI Service, that will drive business transformation for customers."

LTIMindtree also just opened a Microsoft Cloud Generative AI Centre of Excellence (GenAI CoE). This facility acts as an innovation hub, allowing businesses to grow their digital transformation projects by using the power of Generative AI.

It is Large-Cap IT giant with market capitalization of Rs 1,78,745 crore, currently trading at Rs 6,040 and has generated mutlibagger returns of 800 per cent in a decade. The company is poised for a promising quarter, backed by an impressive track record of delivering robust profit growth at a compounded annual growth rate (CAGR) of 31.7 per cent over the last five years. With a commendable return on equity (ROE) of 31.6 per cent over the past three years.

Furthermore, the commitment to shareholder value is evident through a healthy dividend payout of 39.2 per cent. In addition to strong financial performance, the company has sustained a median sales growth of 15.2 per cent over the last decade.

The company has strategic alliances with Microsoft, SAP, Oracle, Google, AWS, IBM, CISCO, Dell, Adobe, HP, PEGA etc.

Disclaimer: The article is for informational purposes only and not investment advice.