Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a
global technology consulting and digital solutions company,
announced its Q2 FY20 results today.
In US Dollars:
- Revenue at USD 363.8 million; growth of 2.0% QoQ and
10.8% YoY
- Constant Currency Revenue growth of 2.4% QoQ and 11.9%
YoY
In Indian Rupees:
- Revenue at Rs 25,707 million; growth of 3.4% QoQ
and 10.3% YoY
- Net Income at Rs 3,604 million; growth of 1.3%
QoQ and (10.0%) YoY
“In Q2, we delivered a steady 11.9% YoY growth in constant
currency driven by on-track ramp up of large deal wins that we
announced earlier. We won three large deals in this quarter, all of
them from new clients, aggregating to net-new TCV of ~US$100
million. A healthy pipeline, continued large deal momentum and
fast-growing Digital services across all verticals make us
optimistic about the future.
We are delighted to announce the acquisition of Powerup, a
born-in-Cloud company that has completed 150+ engagements in Cloud.
Powerup has deep expertise in building Cloud and AI solutions and
is a premier consulting partner of AWS. “
- Sanjay Jalona, Chief Executive Officer & Managing
Director, LTI
Recent Deal Wins
- A US based utility company, a new logo has selected LTI for
multi-year, multi-million dollar deal to provide Cloud and
Infrastructure Managed services
- Won multi-year, multi-million dollar managed services
engagement with a European financial institution, a new logo
- Leading power generation company chose LTI as its partner for
a green field and organization wide implementation of SAP S/4
HANA
- Awarded application management and transformation deal from a
global leader in manufacturing space
- Global engineering giant chose LTI for AMS engagement
- A major Development Authority in the Middle East selected LTI
for implementing next generation digital platform to manage its
mega capital expenditure programs efficiently
- Leading manufacturing conglomerate awarded SAP S/4 HANA
implementation to LTI for its co-innovative engineering,
construction and operations (EC&O) solution developed along
with SAP
- Global technology distributor chose LTI as its transformation
partner to launch a new line of business
- A US based services firm engaged LTI to migrate its HR and
workforce ERP applications to SaaS
Client Testimonial
“Convo has chosen LTI to be a critical growth partner because of
their deep and wide technical knowledge and commitment to
innovation. We see the partnership as critical to our short and
long-term success in transforming the VRS industry. From deployment
automation to integrated AI, LTI is embedded into all our daily
workflows. With every solution, LTI continues to exceed our
expectations.”
John Steinmetz, Chief Technology Officer, Convo
Communications, LLC.
Awards and Recognitions
- LTI listed as one of The Breakthrough 15 Technology Provider
Standouts in Americas, EMEA and Globally on the 3Q19 Global ISG
Index™
- LTI's case study mentioned by Forrester as one of the
meaningful IoT+Blockchain based Supply Chain use cases in their
report titled: "IoT And Blockchain: A Powerful Pairing That Doesn't
Yet Live Up to Its Promise"
- LTI ranked as a Major Contender and Star Performer in Everest
Group Life Sciences Digital Services Peak Matrix™ Assessment
2019
- LTI recognized in the Constellation Research ShortList as a
top vendor for Innovation Services and Engineering in Q3 2019
- LTI ranked as a Major Contender in Everest Group Data &
Analytics Services PEAK Matrix™ Assessment 2019
- LTI named in Honorable Mentions in the Gartner, Magic Quadrant
for SAP S/4HANA Application Services, Worldwide, 2019
. *Gartner, Magic Quadrant for SAP S/4HANA Application Services,
Worldwide, 2019, Fabio Di Capua et al., 20 May 2019
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
- LTI signed a definitive agreement to acquire Powerup Cloud, a
Bangalore based AWS Premier Consulting partner with capabilities in
Cloud Consulting, Data Lake implementation and Cloud Native
Application development. The company has two AI-powered cloud
platforms - CloudEnsure.io, an Autonomous Cloud Governance Platform
to help with continuous audit of cloud setup, and Botzer.io, an
Enterprise AI Platform that builds chatbots for customer support,
employee engagement and knowledge management.
- The Board of Directors at its meeting held on October 17th,
2019 have declared an interim dividend of Rs. 12.5 per equity share
(Face Value of Re.1)
- LTI is now a ‘Premier’ partner of ServiceNow
- LTI has been felicitated with the ZEE Business National CSR
Leadership Award 2019 for Innovations in CSR practices
- LTI released its 3rd Sustainability Report with the theme
‘Solving for Good’. We have drawn inspiration from the United
Nations’ Sustainable Development Goals and the report lays down
specific objectives and commitments that we have set for ourselves
in our Sustainability Roadmap 2030.
About LTI:
LTI (NSE: LTI) is a global technology consulting and digital
solutions Company helping more than 360 clients succeed in a
converging world. With operations in 30 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:
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- Follow us on Twitter and LinkedIn
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- Watch our videos on YouTube
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version on businesswire.com: https://www.businesswire.com/news/home/20191017005682/en/
Media Contacts:
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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