LTM secures banking deal worth up to USD 100 million
LTM · price
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On the reaction day the stock moved 0.6 pts less than Nifty 100 and 0.7 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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LTM secured a two-year engagement with a large global banking and financial services firm, already underway, with an option to extend it for one more year. Its potential value is up to USD 100 million. LTM will be a preferred partner for technology consolidation and delivery across wealth, personal banking and global functions.
Positive for LTM: the deal adds potentially material multi-year business and strengthens its position with global banks, though revenue and profit depend on execution.