L&T Infotech announced its Q2 FY17 results today.
In US Dollars:
- Revenue at USD 239.7 million growth of 3.7% QoQ and 7.0% YoY
- Constant Currency Revenue growth of 3.6% QoQ and 7.2% YoY
In Indian Rupees:
- Revenue at Rs 16,020 million; growth at 3.0% QoQ and 9.1% YoY
- Net Income at Rs 2,326 million; Net Income growth at (1.3)% QoQ and 11.3% YoY
- Net Income Margin at 14.3%, down 58bps QoQ and up 52bps YoY
"I am happy to report a strong quarter-on-quarter growth of 3.7% in the top line. This solid performance is result of our investments in new service lines, partnerships and building a robust sales and marketing engine. We announced the acquisition of AugmentIQ in big data and analytics space last month, which positions us to enable accelerated data monetization for clients across verticals. Our client-centric approach has helped us win critical engagements in five growth areas of – Digital, Analytics, IoT, Cloud Apps and Automation, many of them against significantly larger and global incumbents. We will remain focused on implementing our LTI 2.0 strategy."- Sanjay Jalona, Chief Executive Officer & Managing Director
