LTI FY20 Constant Currency Revenues Grow 14.2%; Q4 FY20 Revenues Up 4.7% QoQ, 17.4% YoY
19 Maggio 2020 - 7:29PM
Business Wire
Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a
global technology consulting and digital solutions company,
announced its Q4 FY20 and full year FY20 results today.
Q4 FY20
In US Dollars:
- Revenue at USD 409.9 million; growth of 3.9% QoQ and
15.9% YoY
- Constant Currency Revenue growth of 4.7% QoQ and 17.4%
YoY
In Indian Rupees:
- Revenue at Rs 30,119 million; growth at 7.1% QoQ and
21.2% YoY
- Net Income at Rs 4,275 million; Net Income growth at
13.5% QoQ and 12.9% YoY
Full year FY20
In US Dollars:
- Revenue at USD 1,524.7 million; growth of 13.0%
YoY
- Constant Currency Revenue growth of 14.2% YoY
In Indian Rupees:
- Revenue at Rs 108,786 million; growth at 15.2%
YoY
- Net Income at Rs 15,205 million; Net Income growth at
0.3% YoY
Capital Return
- Final Dividend of Rs 15.5 per share; Dividend pay-out
ratio of 35.0% for the year
- ROE of 29.5% for the year
“We are extremely proud of the strong work ethic of LTItes who
rose to the challenge of an unparalleled global pandemic, exceeding
client expectations and earning their trust.
Our resilient business model, comprehensive digital
transformation capabilities and flawless execution helped us to
deliver fourth consecutive year of industry leading double-digit
revenue growth in FY20. We are also pleased to announce two large
deals in Q4 with net-new TCV in excess of US$100 million,
culminating in a record 8 large deal wins for us in FY20.
With strong order wins, healthy revenue momentum and client
centric growth strategy, we shall confront near term demand
challenges and emerge stronger.”
- Sanjay Jalona, Chief Executive Officer & Managing
Director
Recent Deal Wins
- Multi-year multi-million large deal for complete digital
transformation, enhancing productivity and quality of service of a
key government ministry by implementing new microservices based
applications and building a data and analytics platform
- A large energy retail company selected LTI for an end to end
managed services deal for its IT applications and infrastructure
operations
- Standard Chartered Bank chose LTI as its partner for a
strategic Temenos T24 Transact engagement
- Leading North American bank selected LTI to transition its
applications to cloud
- Global semiconductor major partnered with LTI to digitize its
core by re-designing and implementing its critical processes on SAP
S/4 HANA
- A leading property and casualty insurance company chose LTI as
its business transformation partner to implement Duck Creek
OnDemand Cloud Platform
- Global media broadcasting giant selected LTI to redesign and
modernize its programming and scheduling applications to meet
evolving business requirements
- A leading financial services group chose LTI for AMS
engagement
Awards and Recognitions
- Recognized by the 1Q20 Global ISG Index™ as one of The
Breakthrough 15 in Global, Americas, EMEA Sourcing Standouts
- LTI recognized as a Leader in ISG Provider Lens™: SIAM/ITSM
2020 Study for US Market
- LTI featured in Constellation ShortList: Innovation Services
and Engineering for Q1 2020
- LTI recognized in Forrester's Now Tech: IoT Consultancies In
Asia Pacific, Q1 2020
- LTI named in Honorable Mentions in the 2020 Gartner Magic
Quadrant for Data and Analytics Service Providers
* Magic Quadrant for Data and Analytics Service, Worldwide,
Jorgen Heizenberg et al., 10 February 2020. Gartner does not
endorse any vendor, product or service depicted in its research
publications, and does not advise technology users to select only
those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner's
research organization and should not be construed as statements of
fact. Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose
Other Business
Highlights
- The Board of Directors at its meeting held on May 19th, 2020
have declared a final dividend of Rs. 15.5 per equity share (Face
value of Re. 1) for the financial year 2019-20. Total dividend for
FY20 is Rs. 28 per equity share, including the interim dividend of
Rs. 12.5 per equity share declared in October 2019.
- Won the SAP Pinnacle Award for Industry Innovation Partner of
the Year 2020
- LTI has been elevated to a ‘GOLD’ partner status with Pega
- LTI is now a 'Premier' System Integration Partner with
MuleSoft
- LTI has been featured among top 10 companies investing in
EdTech CSR projects by CSRBOX
- The company’s long-term rating has been upgraded by CRISIL to
AAA/Stable from AA+/Positive during the year
- National Stock Exchange of India Ltd. (NSE) has included LTI
in its Nifty Next 50 Index
About LTI
LTI (NSE: LTI) is a global technology consulting and digital
solutions Company helping more than 420 clients succeed in a
converging world. With operations in 32 countries, we go the extra
mile for our clients and accelerate their digital transformation
with LTI’s Mosaic platform enabling their mobile, social,
analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary
of Larsen & Toubro Limited, our unique heritage gives us
unrivaled real-world expertise to solve the most complex challenges
of enterprises across all industries. Each day, our team of more
than 30,000 LTItes enable our clients to improve the effectiveness
of their business and technology operations and deliver value to
their customers, employees and shareholders. Find more at
http://www.Lntinfotech.com or follow us at @LTI_Global
Connect with LTI:
- Read our News and Blogs
- Follow us on Twitter and LinkedIn
- Like us on Facebook
- Watch our videos on YouTube
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version on businesswire.com: https://www.businesswire.com/news/home/20200519005841/en/
Shambhavi Revandkar PR & Media Relations - India
+91-9769509545 shambhavi.revandkar@lntinfotech.com
Karin Bakis PR & Media Relations - USA
+1-978-998-1578 karin.bakis@lntinfotech.com
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