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Monday, January 23, 2017

L&T Infotech - Earnings Release & Fact Sheet Third Quarter, Fiscal 2017

L&T Infotech a global IT services and solutions provider, announced its Q3 FY17 results.

 

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

 

“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$ 100Mn. 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

 

For full results please visit https://www.lntinfotech.com/Financial%20Info/LTI%20Q3Y17.pdf

Search for L & T Infotech on CIMdata.com

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