India's LTIMindtree wins its largest-ever deal; sources peg size at $580 million

Company Highlights - LTIMindtree has secured its largest-ever deal valued at $580 million with a leading global media and entertainment company, although the client's name remains undisclosed [1] - The company previously announced its second-largest deal of $450 million in May, which was with U.S. agribusiness giant Archer-Daniels-Midland [3] - Following the announcement of the new deal, LTIMindtree's shares experienced a 3% increase, marking the largest daily jump in nearly five months [3] Industry Context - The Indian IT sector, valued at $283 billion, is currently facing macroeconomic uncertainties, tariff-related risks, and changes in U.S. immigration policy [2] - Analysts anticipate muted results for Indian IT companies as they prepare to report their numbers for the September quarter [2] - Mid-cap companies like LTIMindtree are gaining momentum in securing large deals, attributed to their agility and flexibility in developing AI-led value propositions, contrasting with larger firms that are still optimizing legacy portfolios [4]