[January 18, 2019] |
|
LTI Q3 FY19: Constant currency revenue growth up 6.1% QoQ and 20.6% YoY; Net Profit jumps 32.8% YoY
Larsen & Toubro Infotech (News - Alert) (BSE code: 540005, NSE: LTI), a global
technology consulting and digital solutions company, announced its Q3
FY19 results today.
In US Dollars:
-
Revenue at USD 346.9 million; growth of 5.6% QoQ and
18.2% YoY
-
Constant Currency Revenue growth of 6.1% QoQ and 20.6% YoY
In Indian Rupees:
-
Revenue at Rs 24,729 million; growth of 6.1% QoQ and
31.3% YoY
-
Net Income at Rs 3,755 million; growth of (6.2%) QoQ and 32.8%
YoY
"We are pleased to deliver another strong quarter with 5.6% QoQ
growth in USD revenues. Our broad-based revenue growth, superior margin
delivery and steady cash generation in Q3 is a testimony of our focused
execution and client centricity.
We are also thrilled to welcome Ruletronics to LTI family.
Ruletronics enables businesses to transform and evolve digitally by
providing innovative BPM and CRM solutions leveraging Pega Platform."
- Sanjay Jalona, Chief Executive Officer & Managing Director,
LTI
Recent Deal Wins
-
Nets, the leading payments company in the Nordic region has chosen LTI
as its primary IT partner post vendor consolidation
-
World leader in vertical transportation has chosen LTI as its
strategic partner for implementing Microsoft (News - Alert) Dynamics 365 as their
core platform to transform their services business in the areas of
Sales, Call Center and Field Services
-
Selected by a Global Fintech Company to provide agile assurance
support for building an industry leading wealth management platform
-
Global Energy Corporation engaged LTI for deployment of Enterprise
historian and enable integration with business applications
-
Selected by a diversified Energy Manufacturing company for its ERP
transformation
-
Global Life Sciences Major, a new client logo has awarded LTI a
multi-year strategic deal for end to end SAP support, maintenance,
analytics and enhancement
-
Awarded Digital Transformation project by an Apex (News - Alert) Advisory Body in the
field of Education
-
Leading manufacturer of cleaning equipment chose LTI as a partner for
its global CRM journey on Force.com
-
Petrochemical Major chose LTI for multiple engagements in order to
prepare itself for S/4HANA migration
-
Awarded Cybersecurity project by a Global Energy Giant to implement,
configure and integrate Micro Focus ArcSightand Splunk Enterprise
Security
Client Testimonial
"Nets has selected LTI as its primary IT partner for its close alignment
to Nets' vision, investments in Nordic region and customer centricity.
As the primary partner of Nets, LTI will be responsible for 100+
additional critical applications focused on Digital operations, Card and
Payment platforms, SAP / Oracle (News - Alert) ecosystem, Blockchain based services,
Customer service, e-commerce payments, and corporate services."
- Ms. Pia Jørgensen, Group Executive Vice President
(Technology) and Group CIO, NETS A/S
Awards and Recognitions
-
LTI is now a Global Strategic Service Partner (GSSP) of SAP, making it
one of the Top 16 partners of SAP, globally
-
Emerged as Major Contender and Star Performer in Everest Group Digital
Services PEAK Matrix™ Assessment 2019
-
Recognized as "Rising Star" in Security Services: ISG Provider
Lens Cyber Security Services and Solutions: US
-
Recognized in Leadership Zone in Zinnov Zones 2018 for IoT Technology
Services
-
Named as a Major Player in IDC MarketScape: Worldwide DevOps Services
2018 Vendor Assessment
-
Named by the 4Q18 Global ISG Index™ as one of The Breakthrough 15 in
Global Sourcing Standouts
Other Business Highlights
-
LTI appointed Nachiket Deshpande as its Chief Operating Officer. He
brings rich experience in technology and IT industry and last served
as the Senior Vice President & Global Delivery Head for the Banking
and Financial Services unit at Cognizant Technology Solutions (News - Alert).
-
LTI collaborated with ACORD to develop a comprehensive set of digital
standards & solutions for the Insurance industry.
About LTI:
LTI (NSE: LTI) is a global technology consulting and digital solutions
Company helping more than 300 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 27,000 LTItes enable our clients to improve
the effectiveness of their business and technology operations and
deliver value to their customers, employees and shareholders. Website - www.Lntinfotech.com,
follow @LTI_Global
Connect with LTI:
View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005187/en/
[ Back To TMCnet.com's Homepage ]
|