LTI Constant Currency Revenue growth up 11.9% YoY; Digital revenues at 40%

Home > Industry Summary Articles > LTI Constant Currency Revenue growth up 11.9% YoY; Digital revenues at 40%

Friday, October 18, 2019

LTI Constant Currency Revenue growth up 11.9% YoY; Digital revenues at 40%

Larsen & Toubro Infotech announced its Q2 FY20 results today.

In US Dollars:

Revenue at USD 363.8 million; growth of 2.0% QoQ and 10.8% YoY

Constant Currency Revenue growth of 2.4% QoQ and 11.9% YoY

In Indian Rupees:

Revenue at Rs 25,707 million; growth of 3.4% QoQ and 10.3% YoY

Net Income at Rs 3,604 million; growth of 1.3% QoQ and (10.0%) YoY

“In Q2, we delivered a steady 11.9% YoY growth in constant currency driven by on-track ramp up of large deal wins that we announced earlier. We won three large deals in this quarter, all of them from new clients, aggregating to net-new TCV of ~US$100 million. A healthy pipeline, continued large deal momentum and fast-growing Digital services across all verticals make us optimistic about the future.

We are delighted to announce the acquisition of Powerup, a born-in-Cloud company that has completed 150+ engagements in Cloud. Powerup has deep expertise in building Cloud and AI solutions and is a premier consulting partner of AWS. “
– Sanjay Jalona, Chief Executive Officer & Managing Director, LTI

To view the original press release, please click here.

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