LTI Posts Robust 3.8% QoQ Revenue Growth in Constant Currency; Net Profit Jumps 6.6% QoQ
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:
View source version on businesswire.com: http://www.businesswire.com/news/home/20170123005595/en/
Copyright Business Wire 2017
Source: Business Wire
(January 23, 2017 - 9:24 AM EST)
News by QuoteMedia
www.quotemedia.com
