Larsen & Toubro Infotech announced its Q1 FY18 results today.
In US Dollars:
- Revenue at USD 259.2 million; growth of 2.0% QoQ and 12.2% YoY
- Constant Currency Revenue growth of 1.5% QoQ and 11.8% YoY
In Indian Rupees:
- Revenue at Rs 16,707 million; decline of 0.4% QoQ and growth of 7.4% YoY
- Net Income at Rs 2,672 million; Net Income growth of 5.0% QoQ and 13.3% YoY
“We continue our growth trajectory with a 2% QoQ increase in USD revenues, reflecting the resilience of our portfolio. Digital Services and Infrastructure Management drove Q1 growth and our outlook for the year remains positive. Digital now represents over 29% of our revenues and the client adoption of Mosaic continues to grow. As we mark the first anniversary of our public listing this month, I would like to thank our investors for their continued support and confidence.”
– Sanjay Jalona, Chief Executive Officer & Managing Director
