Business Wire

LTI Q4 USD Revenue Growth up 5.3% QoQ and 21.6% YoY; FY18 Revenues of USD1.13bn, up 16.7%; Digital Revenues Grow 42% in FY18

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Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q4 FY18 and full year FY18 results today.

Q4 FY 18

In US Dollars:

  • Revenue at USD 309.0 million; growth of 5.3% QoQ and 21.6% YoY
  • Constant Currency Revenue growth of 4.5% QoQ and 18.7% YoY

In Indian Rupees:

  • Revenue at Rs 20,012 million; growth at 6.2% QoQ and 19.3% YoY
  • Net Income at Rs 2,894 million; Net Income growth at 2.3% QoQ and 13.7% YoY

Full year FY18

In US Dollars:

  • Revenue at USD 1,132.3 million; growth of 16.7% YoY
  • Constant Currency Revenue growth of 14.7% YoY

In Indian Rupees:

  • Revenue at Rs 73,065 million; growth at 12.4% YoY
  • Net Income at Rs 11,124 million; Net Income growth at 14.6% YoY

“Our outstanding growth of 5.3% QoQ in Q4 is a result of a broad-based performance across all verticals. We have delivered an industry leading growth of 16.7% for the full financial year with digital revenues up 42% YoY. Our sustained investments in exponential technologies are establishing us as the digital-partner-of-choice for our customers worldwide.

“We have won two large deals with net-new TCV in excess of USD 50 million in Q4 and feel good about momentum in our business that would power our FY19 performance.”

- Sanjay Jalona, Chief Executive Officer & Managing Director (LTI)

Recent Deal Wins

  • Awarded a transformation engagement with a leading African Bank to transition its core banking system
  • US based home appliance manufacturer has engaged LTI for an Application Management and IT Operations support services deal
  • Selected as IT Infrastructure and Security management partner by a US based Industrial Manufacturing company
  • Won an analytics engagement with a Global Investment Bank to aggregate and orchestrate data and model a variety of analytics use cases for the firm’s Capital Market Group
  • Awarded an end-to-end IT Infrastructure outsourcing engagement with a European Auto major
  • Global Fortune 100 bank selected LTI as a preferred partner to deliver multiple digital initiatives and empower client’s broader FinTech ecosystem
  • End-to-end managed services engagement with a financial regulator for maintaining the business applications of its IT division
  • European manufacturing company chose LTI to migrate its workload to Oracle Cloud
  • Selected as a strategic IT partner to execute an SAP led transformation engagement by a leading European sourcing and services company
  • Global specialty insurance holding company engaged LTI to establish a product and digital testing Centre of Excellence
  • ExxonMobil chose LTI and group company LTTS to digitize Geoscience content by leveraging automation

Client Testimonial

“We selected LTI as our strategic IT Partner for SAP ADMS engagement because of company’s focus on outcomes and innovation. LTI’s Mosaic Profiler provided invaluable insights in understanding extensive customizations over years. Also, LTI’s deep knowledge and experience of doing business in Nordic region along with its customer focus is a distinct advantage.”

- Henrik Thystrup, Vice President – Group IT, Solar A/S

Awards and Recognitions

  • Tops the ‘Challengers’ List in Everest Group’s PEAK Matrix™ Service Provider of the Year 2018 Report
  • Ranked as the Top Service Provider in France in the 2017 French IT outsourcing study conducted by Whitelane Research
  • Featured as Major Players in NelsonHall NEAT on Big Data and Analytics
  • Recognized as a Representative Vendor in Gartner’s Market Guide for Blockchain Consulting and Proof-of-Concept Development Services report, dated 13th Mar 2018
  • Ranked among leaders in Property & Casualty and Life & Annuities categories in Novarica 2018 Market Navigator™ for IT Services Providers for Insurers
  • Featured as a Major Player in IDC MarketScape: Worldwide Manufacturing Customer Experience IT Strategic Consulting and System Integration 2018 Vendor Assessment
  • Featured in HfS Blueprint Report : Enterprise Artificial Intelligence (AI) Services 2018

Other Business Highlights

  • The Board of Directors at its meeting held on May 23rd, 2018 have declared a final dividend of Rs. 13.5 per equity share (Face value of Re. 1) for the financial year 2017-18. Total dividend for FY18 is Rs. 21.5 per equity share, including the interim dividend of Rs. 8 per equity share declared in November 2017.
  • LTI joined the Enterprise Ethereum Alliance, the world's largest open source blockchain initiative. As a member, LTI will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures.

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.

About LTI :

Larsen & Toubro Infotech (NSE: LTI, BSE: 540005) is a global technology consulting and digital solutions Company helping more than 250 clients succeed in a converging world. With operations in 27 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 20 years ago 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 20,000 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 www.Lntinfotech.com or follow us at @LTI_Global

Connect with LTI :

Contact information

Larsen & Toubro Infotech
Neelian Homem
PR & Media Relations - India
+91-900-434-5540
neelian.homem@lntinfotech.com
or
Karin Bakis
PR & Media Relations - USA
+1-978-998-1578
karin.bakis@lntinfotech.com
or
Katrina Dixon
PR & Media Relations - Europe
+44-771-475-3308
Katrina.dixon@lntinfotech.com

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