LTIMindtree witnessed a boost of over 4 per cent in its share price on December 15, after the company announced the expansion of its global footprint in Latin America, marked by the inauguration of a new delivery center in Mexico City.
The tech. company serves clients in Mexico across diverse sectors such as Telecom, Media and entertainment, Manufacturing, Hi-Tech and services, Banking and financial Services, and RCG. With a presence in 12 offices throughout the Americas, the company boasts a clientele that includes over 103 Fortune 500 companies.
At 02:10 pm, the shares of the IT company were trading at Rs 6,106 price level, up by more than 2 per cent or 161 points, on the National Stock Exchange.
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“Over the last few years, Mexico has emerged as a competitive player in the global tech market, providing a skilled workforce, and a favorable business environment. LTIMindtree is committed to nurturing the high-quality workforce in the region by leveraging its global domain experience," Nachiket Deshpande, Whole-Time Director & COO, LTIMindtree, stated in a release.
"With this delivery center in Mexico, we can bridge the gap between our nearshore and local customers and the expertise of local talent while successfully delivering programs within the same time zone,” he added.
On a year-to-date basis, the IT company's shares have surged over 40 per cent or 1,775 points on the National Stock Exchange. At the same time, Nifty IT has seen a rise exceeding 17 per cent or 3,150 points.
