Investors would be wise to temper their enthusiasm for LTIMindtree’s ambitious $10 billion target, considering the significant execution risks and competitive challenges lying ahead.

As the new year approaches, many IT companies, like individuals, set goals, though they’re referred to as “aspirations” rather than “resolutions.” LTIMindtree, in particular, has announced its “aspirational target” for the next fiscal year. The company aims to more than double its revenue to $10 billion by FY32, either organically or through acquisitions. This ambitious goal is similar to that of its sister company, L&T Technology Services, which plans to nearly double its revenue to $2 billion. These targets indicate a strong growth trajectory for both companies, which are likely to continue their upward momentum in the coming years.