Larsen & Toubro Infotech announced its Q2 FY18 results today.
In US Dollars:
- Revenue at USD 270.6 million; growth of 4.4% QoQ and 12.9% YoY
- Constant Currency Revenue growth of 3.5% QoQ and 11.7% YoY
In Indian Rupees:
- Revenue at Rs 17,508 million; growth of 4.8% QoQ and 9.3% YoY
- Net Income at Rs 2,730 million; Net Income growth of 2.2% QoQ and 17.4% YoY
“We are extremely pleased with our performance in Q2 with an industry leading 4.4% sequential growth in USD revenues. Intense client focus and disciplined execution of our strategy has helped us deliver broad based revenue growth led by Digital, which now represents 32% of our revenues.
We are also delighted to announce two large deals this quarter. These wins, combined with on-track execution of large deals won earlier make us optimistic about the future.”
– Sanjay Jalona, Chief Executive Officer & Managing Director
Recent Deal Wins
- Leading African Bank selected LTI as a strategic partner for a multi-year deal to provide applications development and support services
- Won a new client logo in Europe, a world leader in Fashion & Cosmetics, with a multi-year engagement for automation-led SAP Application Management Services
- Implementing a SaaS based Business Process management and Enterprise content management solutions for Canada’s leading Asset Servicing company
- Multi-year engagement to develop an Enterprise Data Grid for a US based Global Pharmaceutical & Life Sciences company
- Multiple projects underway for customers in BFS, CPG and High-Tech solving for global supply chain traceability, supply chain finance, trade finance and micropayments leveraging Blockchain
- Multi-year Managed SAP Services engagement with one of the largest US based Oil Refineries
- Managed service contract for Infrastructure transformation and support for a US based Global media conglomerate
- One of the largest commercial mortgage lenders in Canada on-boarded onto ‘Unitrax’, LTIs SaaS-based, proprietary transfer agency record keeping platform
- Application and Infrastructure engagement with a US based Global Healthcare Research service corporation
- Managed Services engagement with a US based Global Pharmaceutical & Life Sciences corporation for managing and transforming their JD Edwards platform
- Multi-year engagement with niche Digital firm in Australia to provide Customer Experience solutions
“Our partnership with LTI has matured and grown significantly over last seven years. LTI has a great understanding of our business and has transformed several business-critical applications by leveraging cost-effective testing models. Their extraordinary domain expertise and use of IP’s like DiCE, Ladybug and DTF have accelerated & improved overall quality assurance outcomes. Our synergistic efforts such as joint exercises, workshops, and constant sharing of best practices helps us stay relevant and current in terms of the technologies we use. We see significant merit in this relationship and have also chosen LTI as the strategic testing partner for our general insurance arm that will be launched shortly.”
– Gerhard Mulder, HOD, Group Shared Resource Management, Liberty Group, South Africa
