Mumbai, Maharashtra, India:
Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a world expertise consulting and digital options firm, introduced its Q2 FY23 outcomes at this time.
In US Dollars:
- Revenue at USD 601.0 million; development of 3.6% QoQ and 18.1% YoY
- Constant Currency Revenue development of 4.6% QoQ and 21.6% YoY
In Indian Rupees:
- Revenue at INR 48,367 million; development of 6.9% QoQ and 28.4% YoY
- Net Income at INR 6,798 million; development of 7.2% QoQ and 23.2% YoY
| “We are happy to report 21.6% YoY revenue growth in constant currency. We remain excited about the proactive conversations we are having with our customers and see increased traction in the cloud and analytics space. The strength of our pipeline and our sustained net headcount addition will continue to fuel our growth.” – Sudhir Chaturvedi, President Sales & Executive Board Member “We are happy to be on the last leg of the approval process for the LTI Mindtree merger and are most likely to combine forces by the end of this calendar year. The merged company will bring together complimentary portfolios and a large customer base creating extraordinary value for all stakeholders.” – Nachiket Deshpande, Chief Operating Officer & Executive Board Member |
Recent Deal Wins
- Selected by a number one well being care system based mostly in North America as strategic accomplice for transformation packages involving cyber safety, scientific expertise, enterprise information administration, governance and digital business expertise
- Chosen by the supplier of consultancy and IT options to a world group concerned with world battle decision and humanitarian help, to remodel their digital resolution panorama
- Selected by a Global Fortune 500 multinational data expertise firm to design and implement SAP and information options to enhance business KPIs. LTI will even present consulting and architectural steering to construct a expertise roadmap
- Selected by a producer of vertical transportation techniques to function and rework their world JD Edwards resolution
- A number one supplier and producer of heating and cooling options and tools has chosen LTI as its accomplice for certainly one of its largest and most complicated ERP transformation initiatives at certainly one of its plant places
- Selected by the newly shaped division of a number one property and casualty insurer to implement Duck Creek options for his or her producer, coverage and billing features and to make sure information analytics and insights
- Chosen by a number one petrochemical firm for a managed companies deal involving outsourcing of assist operations for his or her enterprise purposes by streamlining processes and constructing efficiencies by means of transformation initiatives
- Selected by a world financial institution for a digital testing deal to assist its digital transformation initiatives
- Selected by a Global Fortune 500 firm and a world-wide chief in magnificence and cosmetics to ship digital integration of current purposes with their new core S/4 resolution
- Selected by a number one media & leisure main to implement a brand new shopping for & invoicing system and allow associated procurement processes and options to combine with current SAP purposes
- A refinery and petrochemical firm has chosen LTI for an finish to finish outsourcing and managed companies deal leading to improved effectivity, decrease prices, higher buyer expertise and compliance with National Cyber Authority necessities
Analyst Recognitions
- LTI Positioned as a Major Contender and Star Performer in Everest Group’s SI Capabilities on AWS PEAK Matrix Assessment 2022
- LTI named as a ‘Leader’ in ISG Provider Lens™ Enterprise Service Management Service & Solutions 2022 quadrant report (ESM Consulting Services quadrant for US)
- LTI acknowledged as an Honorable Mention within the 2022 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services
- LTI Positioned as a Major Contender and Star Performer in Everest Group’s SI Capabilities on Azure PEAK Matrix Assessment 2022
- Fosfor Aspect acknowledged in Forrester Report : Ten Lessons From Intelligent Document Extraction And Processing Use Cases
*Gartner, “Magic Quadrant for Public Cloud IT Transformation Services”, July 20, 2022. GARTNER and MAGIC QUADRANT are registered logos and repair marks of Gartner, Inc. and/or its associates within the U.S. and internationally and is used herein with permission. All rights reserved. GARTNER is a registered trademark and repair mark of Gartner, Inc. and/or its associates within the U.S. and internationally and is used herein with permission. All rights reserved. Gartner doesn’t endorse any vendor, services or products depicted in its analysis publications, and doesn’t advise expertise customers to pick out solely these distributors with the very best rankings or different designation. Gartner analysis publications encompass the opinions of Gartner’s analysis group and shouldn’t be construed as statements of reality. Gartner disclaims all warranties, expressed or implied, with respect to this analysis, together with any warranties of merchantability or health for a selected goal.
Awards & Other Business Highlights
- LTI has been licensed as a water-positive firm based mostly on a third-party audit
- LTI Wins Golden Peacock Award for Risk Management 2022 within the IT companies and consulting class
- LTI is a Great Place to Work Certified in Poland
LTI (NSE: LTI) is a world expertise consulting and digital options Company serving to 500 purchasers reach a converging world. With operations in 33 international locations, we go the additional mile for our purchasers and speed up their digital transformation journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our distinctive heritage provides us unrivalled real-world experience to unravel essentially the most complicated challenges of enterprises throughout all industries. Each day, our group of greater than 50,000 LTItes allow our purchasers to enhance the effectiveness of their business and expertise operations and ship worth to their prospects, workers and shareholders. Find extra at http://www.Lntinfotech.com or observe us at @LTI_Global.
Click right here for Media Contact Details
Shambhavi Revandkar (PR & Media Relations – India), LTI (Larsen & Toubro Infotech Ltd.), [email protected], +91-22-6776 8625
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