CEO and MD Venu Lambu stated on the company's second quarter results conference call on October 16 that LTIMindtree will be distributing its FY26 wage increases across two quarters, with 50% of the workforce receiving their raises starting on January 1 and the remaining 50% starting on April 1.

"This might also be the new normal in the future. We might not give all of our employees a pay increase in a single quarter. We are starting at this moment. The pay increase will take place over a period of two quarters.

The first tranche will go into effect on January 1st, and the second one will follow in the quarter ending April 1st. And I anticipate that we will need to adapt to the new normal, which is that our workforce will be receiving raises in two stages," Lambu stated.Lambu provided context for this decision by stating that "the topic of wage hikes is evolving," given that the company and the industry are undergoing a major turning point.

Opportunities abound on the other side of the turning point. And how we cross-skill and upskill our personnel to meet the next AI requirement is one of the most important parts of the trip we're doing together," he said."The skill becomes a very critical element of that in the agent AI era," he continued. Therefore, we train our staff members in that skill-building program, which is currently underway and will only get faster.

His remarks regarding the turning point in the IT business coincide with Tata Consultancy Services (TCS), a peer and the biggest provider of IT services in India, laying off roughly 2% of its workforce, or more than 12,000 workers, due to a talent mismatch in the AI era.results for the July–September quarter on October 16. At Rs 1,381 crore, the company's overall net profit increased by 10.3%.

In the same time frame last year, the company generated a net profit of Rs 1,251 crore.

For the first time, LTIMindtree's sales surpassed Rs 10,000 crore in a single quarter, increasing by more than 10% to Rs 10,394.3 crore in the reported quarter from Rs 9,432.9 crore in the September 2024 period.