LTI USD Revenue Growth Up 8.4% QoQ and 13.7% YoY; Digital Revenues at 41%
15 Gennaio 2020 - 11:15AM
Business Wire
Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a
global technology consulting and digital solutions company,
announced its Q3 FY20 results today.
In US Dollars:
- Revenue at USD 394.4 million; growth of 8.4% QoQ
and 13.7% YoY
- Constant Currency Revenue growth of 8.3% QoQ and
14.2% YoY
In Indian Rupees:
- Revenue at Rs 28,111 million; growth of 9.4% QoQ
and 13.7% YoY
- Net Income at Rs 3,767 million; growth of 4.6%
QoQ and 0.3% YoY
“Our outstanding QoQ growth of 8.4% in Q3 is a result of
on-track ramp up of large engagements we announced earlier. We are
extremely pleased with the superior and broad-based performance
across verticals and service offerings, which underscores the
resilience of our diversified portfolio. Our strategy and
investments for powering the breakaway enterprise is resonating
well with our clients. We continue to win large deals across
regions and have won two such engagements in Q3 with cumulative
net-new TCV of more than US$75 mn.”
- Sanjay Jalona, Chief Executive Officer & Managing
Director, LTI
Recent Deal Wins
- Multi-year, multi-million large deal for transforming the
global application operations of a smart energy storage solution
provider
- An apex government body selected LTI to create a conceptual
framework on Data Management, integrating and harmonizing the
available data sets in various key sectors through single window
system for better governance
- A Leading US based Insurance Company chose LTI as a Strategic
Partner to implement a multi-year digital transformation initiative
focused on improving their products, distribution and
infrastructure
- LTI has been chosen by a public development authority for
implementation of Next Generation Digital Platform to enhance
efficiency of their transportation systems
- Awarded an end-to-end enterprise data estate transformation
deal by a global leader in energy storage
- A Multinational conglomerate engaged LTI to deliver AI enabled
preventive maintenance and Cloud hosted monitoring solutions for
users of its data storage solutions
Client Testimonial
“Carestream selected LTI as strategic partner for applications
management based on technology experience, geographic coverage and
cultural match of the company. LTI quickly took the responsibility
to support a global business and maintained high level of service
performance throughout the transition. We value the unwavering
focus on customer satisfaction throughout the organization.”
- Bruce Leidal, Chief Information Officer, Carestream Health,
Inc.
Awards and Recognitions
- LTI ranked as HFS Top 10 IoT Service Providers 2019
- LTI positioned as a Major Contender and Star Performer in
Everest Group Application and Digital Services in Banking –
Services PEAK Matrix™ Assessment 2020
- LTI recognized in Gartner’s Competitive Landscape: Robotic
Process Automation Service Providers Arup Roy, Cathy Tornbohm, 24
October 2019
- LTI positioned as a Strong Performer in The Forrester Wave™:
SAP Services Providers For Midsize Enterprises, Q4 2019
- LTI recognized as one of the Sample vendors for AI-enhanced
claims processing in The Forrester Tech Tide™: Digital Claims
Management, Q4 2019
- LTI featured as a Major Contender in Everest Group Talent
Readiness for Next-generation IT Services PEAK Matrix™ Assessment
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
- LTI is now amongst the global exclusive list of AWS partners
with SAP Competency
- LTI completed the acquisition of 100% shareholding of
Powerupcloud and it is now a wholly owned subsidiary of LTI
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:
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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/20200115005352/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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