Business Wire

LTI Posts Robust 3.8% QoQ Revenue Growth in Constant Currency; Net Profit Jumps 6.6% QoQ

Del

L&T Infotech (BSE code: 540005) (NSE: LTI), (LTI), a global IT services and solutions provider, announced its Q3 FY17 results today.

In US Dollars:

  • Revenue at USD 245.1 million; growth of 2.3% QoQ and 9.0% YoY
  • Constant Currency Revenue growth of 3.8% QoQ and 10.3% YoY

In Indian Rupees:

  • Revenue at Rs 16,667 million; growth at 4.0% QoQ and 12.1% YoY
  • Net Income at Rs 2,480 million; Net Income growth at 6.6% QoQ and 10.5% YoY
 

“Our robust growth in this quarter is a result of our investments in digital technologies and strong emphasis on client success. We grew 3.8% sequentially in constant currency. Q3 saw us win three large deals with cumulative net-new TCV in excess of US$ 100 Mn. These deals are in the areas of infrastructure operations and transformation, ERP transformation-on-the-cloud and upstream application portfolio management. We expect this momentum to continue as global companies are looking for client centric and nimble services partners that can deliver outcomes quickly.”

 

- Sanjay Jalona, Chief Executive Officer & Managing Director

 

Recent Deal Wins

  • Multi-year infrastructure operations and transformation engagement for an international institution
  • Multi-year deal from a Fortune 10 energy corporation for upstream applications portfolio management
  • Multi-year, multi-million deal from a French transnational company with operations in more than 40 countries for ERP transformation-on-the-cloud
  • Applications management & analytics in the areas of treasury, risk management and compliance for a US based global investment banking & financial services corporation
  • Engagement with a Nordic financial services company in the area of Blockchain technology for enhancing data security in online transactions
  • Robotic Process Automation for a US based global leader in automotive seating
  • Establishing a unified digital workplace for a leading multinational upstream Oil & Gas company
  • Strategic HR Transformation program using SAP Fiori technology for a US based worldwide consumer products company
  • Multi-year SAP managed services engagement for a US based multinational diversified conglomerate

Client Testimonial

"We partnered with LTI more than ten years ago and the relationship has grown continuously. We wanted a partner focused on our needs, a partner who worried about our issues and got excited about our success. That is what we call client centricity and that is what we experience with LTI.”

- Mikael Spliid, Head of WMO IT Solutions, Nordea

Partner Testimonial

"I'm very excited about our partnership with LTI to deliver invisible infrastructure to customers worldwide. Large enterprises will be delighted by the 1-click experience where simplicity and security are not a zero-sum game."

- Dheeraj Pandey, Founder, CEO & Chairman, Nutanix

Other Business Highlights

  • LTI joined the Nutanix partner network
  • LTI joined the Global Alliance Program of Duck Creek Technologies
  • LTI completed the acquisition of AugmentIQ
  • LTI launched MOSAIC Experience Center at its head-quarter in Powai, Mumbai to showcase MOSAIC solutions to accelerate digital transformation
  • Ashok Sonthalia has been recognised as CFO of the year 2016 for IT industry by Institute of Chartered Accountants of India

Awards and Recognitions:

  • Named by ISG as one of Americas Sourcing Standouts and one of the Top Service Providers in the Breakthrough 15 list of the Global ISG IndexTM
  • Positioned as a Leader in The Forrester Wave™: Application Outsourcing Capabilities of Midsize Offshore Vendors, Q4 2016
  • Positioned as a Major Player & Star Performer in Everest Group’s Insurance AO PEAK MatrixTM 2016
  • Positioned as a Major Player in the IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment (Doc #US40510516, Sep 2016)
  • Positioned as 'Major Contender' in Everest Group’s Big Data & Analytics Services in Global Banking PEAK MatrixTM 2016
  • Positioned as a 'Major Contender' in Everest Group’s Digital Services PEAK MatrixTM Assessment, 2016
  • Cited as a "Contender" in The Forrester Wave™: B2C Mobile Services Providers, Q4 2016

About L&T Infotech

L&T Infotech, a subsidiary of $16 Bn Larsen & Toubro group, is a global IT services and solutions provider with presence in 23 countries. We solve complex business challenges at the convergence of digital and physical with our real-world expertise and client centricity. We enable our clients to build innovative business models, enhance operational efficiencies and create captivating customer experiences.

We provide a comprehensive portfolio of solutions and services for various sectors like Banking & Financial Services, Insurance; Consumer Products, Media & Entertainment, Technology, Oil & Gas and Manufacturing. Our comprehensive services include Digital, Analytics, Automation, IIoT, ERP, Testing, and Infrastructure Management.

Connect with LTI :

Contact information

L&T Infotech
Neelian Homem
PR & Media Relations - India
+91-900-434-5540
neelian.homem@lntinfotech.com
or
Karin Bakis
PR & Media Relations - USA
+1-978-758-3546
karin.bakis@lntinfotech.com
or
Katrina Dixon
PR & Media Relations - Europe
+44-771-475-3308
Katrina.dixon@lntinfotech.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

San Francisco 49ers and IDEMIA Announce Strategic Partnership to Enhance Fan Experience23.10.2017 09:30Pressemelding

The San Francisco 49ers and IDEMIA announced a new multi-year partnership to promote and implement identity and security services from IDEMIA’S IdentoGO solution, the country’s preeminent identity-related service provider and exclusive provider of TSA Pre✓®, at Levi’s® Stadium. In addition to offering TSA Pre✓® enrollment opportunities at 49ers home games, IDEMIA will equip the stadium with biometric-based technology to assist in fan experience and security in the near future. “We’re always looking for innovative ways to enhance security at Levi’s ® Stadium and IDEMIA’S IdentoGO technology complements our efforts as we strive to provide expedited entry for pre-approved customers,” said Jim Mercurio, 49ers Vice President of stadium operations and Levi’s® Stadium general manager. “We look forward to working with IDEMIA to jointly deploy the first-ever Trusted Fan Progr

E Ink and LTS Partner to Develop Smart Patch to Improve Medical Management23.10.2017 07:00Pressemelding

E Ink Holdings, "E Ink" (8069.TW), the leading innovator of electronic ink technology and LTS Lohmann-Therapie Systeme AG, “LTS” leading in the development and manufacturing of transdermal therapeutic systems, today announced their partnership to develop a “Smart Patch” prototype. The Smart Patch prototype is a transdermal therapeutic system (TTS) that delivers medication to patients in a convenient, controlled and comfortable manner and features an E Ink display to deliver and convey relevant information about patch performance. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171023005449/en/ The “Smart Patch” prototype features an E Ink display to convey relevant information about patch performance to patients. (Photo: E Ink Holdings) According to a report conducted by the New England Healthcare Institute

MaxLinear and Corinex to Use G.hn for Open Smart Metering Solution23.10.2017 06:00Pressemelding

MaxLinear, Inc. (NYSE:MXL), a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multimarket applications and Corinex, a unique supplier of broadband solutions (BPL) for smart metering and smart grid infrastructure improving grid operational efficiency, security and integration of renewable energy and EV’s today announced that they will cooperate to create a broadband utility infrastructure solution based on standard ITU-T G.hn technology to enable smart metering and other smart grid applications. The G.hn solution will address the growing interest of electricity utilities in leveraging broadband powerline networks for Smart Grid applications, while ensuring multi-vendor interoperability, openness and easy integration into a wide range of Smart Meters and Smart Grid infrastr

NTT Communications to Share Industry Views with Global Carrier Community at Capacity Europe 2017 in London23.10.2017 06:00Pressemelding

Executives from NTT Communications (NTT Com), the global data and IP services arm of Fortune Global 500 telecom leader NTT (TYO: 9432), will play a prominent speaking role at this year’s Capacity Europe conference in London – Europe’s largest annual meeting for the global carrier community. During the conference, which runs October 24-26 at the Intercontinental London 02, NTT Com executives will participate in three panels that provide expert analysis and perspective on trending industry topics including the Internet of Things (IoT), network security and the importance of innovation and leadership. NTT Com is in a unique position to address global wholesale trends and opportunities as the global carrier consistently ranks as one of the top IP network providers worldwide. “Coming together as an industry to share insights and perspective is not only beneficia

ADC Therapeutics Announces Closing of $200 Million Private Financing to Fund Two Lead Programs Through Registrational Trials23.10.2017 04:55Pressemelding

ADC Therapeutics (ADCT), an oncology drug discovery and development company that specializes in the development of proprietary Antibody Drug Conjugates (ADCs) targeting major cancers, today announced that it has raised $200 million through a private placement. The financing was oversubscribed and supported by both existing and new investors, including Auven Therapeutics, Redmile, the Wild Family Office and AstraZeneca. The proceeds will be used to progress ADCT-301 and ADCT-402 into planned registrational trials in 2018. Both candidates are currently in four clinical studies in important sub-types of lymphoma and leukemia. ADCT will also advance ADCT-301 into a combination study for solid tumors. Further it will allow the Company to continue the development of the Phase I study of ADCT-502 in patients with advanced solid tumors with HER2 expression, to file INDs for ADCT-602 and ADCT-6

Mitsui Chemicals Tohcello, Inc. Establishes a New Company in Taiwan23.10.2017 02:00Pressemelding

Mitsui Chemicals, Inc. (Head Office: Minato-ku, Tokyo; President & CEO: Tsutomu Tannowa) announced that its wholly owned subsidiary, Mitsui Chemicals Tohcello, Inc. (Head Office: Chiyoda-ku, Tokyo; President & CEO: Yoshihisa Fujimaki) has decided to establish a company in Taiwan that will manufacture and sell the ICROS™Tape, a tape for semiconductor manufacturing. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171022005001/en/ ICROS(TM)Tape (Photo: Business Wire) The ICROS™Tape is a protective tape used for semiconductor manufacturing. It holds the world’s largest market share as a protective tape for the back grinding process of silicon wafer. The semiconductor market is experiencing growing demand attributable in part to the growth of mobile terminals. Demand is expected to continue to grow a

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom