Larsen & Toubro Infotech announced its Q3 FY18 results today.
In US Dollars:
- Revenue at USD 293.5 million; growth of 8.5% QoQ and 19.7% YoY
- Constant Currency Revenue growth of 8.3% QoQ and 16.4% YoY
In Indian Rupees:
- Revenue at Rs 18,837 million; growth of 7.6% QoQ and13.0% YoY
- Net Income at Rs 2,828 million; growth of 3.6% QoQ and 14.0% YoY
“Our focus remains on amplifying outcomes for our clients and establish LTI as a next generation IT services company. Large deal win momentum over the last 18 months has helped us deliver an outstanding 8.5% sequential growth in USD revenues in Q3. This superior performance has been driven by contribution from all key verticals and service offerings. Digital now contributes one-third of our overall revenues. The synergies from Syncordis acquisition are helping us initiate new conversations in Europe.” – Sanjay Jalona, Chief Executive Officer & Managing Director
Recent Deal Wins
- SAP Systems Integration for a large US based Specialty vehicles manufacturer
- A Canada based development capital fund selected LTI’s proprietary record keeping platform, Unitrax for its wealth management requirements
- Digital transformation of sales channels for a multi-national diversified conglomerate leading in Automotive parts & HVAC systems
- Engineer-to-Order Applications portfolio engagement with a US based, Global leader in Industrial Automation
- Fortune 100 Global Pharmaceutical corporation selected LTI for a SAP Analytics engagement
- Robotic Process Automation engagement with one of largest mutual Life Insurers in the US
- Digital Consulting for Applications Portfolio Rationalization and creation of AI based Chatbot for User support for a Saudi Arabia based Petrochemical company
- Engagement with a large US based Property & Casualty Insurer to help them in their enterprise wide transformation journey to modernize core IT System by implementingInsurity
Client Testimonial
“At MPPMCL, we strive to be ahead of the curve by adopting new-age technologies. This initiative will maximise efficient power portfolio management through a technology-led decision support system. We chose LTI for this strategic engagement because of its global experience with digital transformation initiatives in the utility sector.” – Sanjay Shukla, Managing Director, Madhya Pradesh Power Management Company Limited (MPPMCL)
