LTI USD Revenue Growth up 4.4% QoQ and 12.9% YoY; Net Profit Jumps 17.4% YoY; Declares Interim Dividend of Rs 8 Per Share
November 06 2017 - 10:50AM
Business Wire
Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a
global technology consulting and digital solutions company,
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’, LTI’s 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
- US based Global Insurer selected
‘Mosaic Decisions’, LTI’s Analytics platform, to improve customer
experience
Client Testimonial
"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
Awards and Recognitions
- LTI recognized by Microsoft as “Azure
Emerging Partner of the Year”
- Named by ISG as an Americas Sourcing
Standout and one of the Top Service Providers in the Breakthrough
15 list of the Q3 FY17 Global ISG Index™
- Positioned as a ‘Major Contender’ in
Everest Group’s 2017 Automation in Application Services PEAK
MAtrix™, 2017
- Positioned as a Leader in Zinnov Zones
2017 for Digital Services
- One of the leading players in Zinnov
Zones 2017 IoT Technology Services For System Integration, Managed
Services, Big Data Management, and Analytics
- Positioned as a Major Player in the IDC
MarketScape for Worldwide Mobile Application Development and
Testing Services 2017 Vendor Assessment (Doc #US42775917, June
2017)
Other Business
Highlights
- LTI introduced - LTI REDaxis -
an Accounts Receivable Analytics suite for CPG and Retail
enterprises, deployable both on-premise as well as on Cloud.
- LTI announced a partnership with
Flexagon. As part of this partnership, LTI’s clients using Oracle
Suite of products will have access to Flexagon’s market leading
platform FlexDeploy to deliver DevOps solutions that support
strategic digital transformation.
- Signed strategic implementation
partnership with US based Quote-to-Cash software company Apptus.
The partnership will focus on enabling digital transformation
initiatives of global customers through jointly developed industry
focused offerings.
- Collaboration with Enov8, a leading IT
and Test Environment management company, to drive breakthrough
innovation in Automation of various stages of IT Projects.
- eVidyaloka (a not-for-profit
organization based in Bengaluru), with LTI’s support and close
involvement, inaugurated its 100th education center in Karnataka.
This is a technology enabled remote education program for children
in rural Karnataka.
- LTI received a humanitarian award from
Honorable Vice President of India, Sri Venkaiah Naidu for
reconstruction of historical Gandhian institution that was
demolished during the floods at Chennai in December 2015.
About LTI:
LTI (NSE: LTI, BSE: 540005) is a global technology consulting
and digital solutions company helping more than 250 clients succeed
in a converging world. With operations in 27 countries, we go the
extra mile for our clients and accelerate their digital
transformation with LTI’s Mosaic
platform enabling their mobile, social, analytics,
IoT and cloud journeys. Founded 20 years ago as a subsidiary of
the Larsen & Toubro group, our unique heritage gives
us unrivaled real-world expertise to solve the most
complex challenges of enterprises across all industries. Each
day, our team of more than 20,000 LTItes enable our clients to
improve the effectiveness of their business and
technology operations, and deliver value to their customers,
employees and shareholders. Find more
at https://www.lntinfotech.com or follow us at
@LTI_Global
Connect with LTI:
- Read our News and Blogs
- Follow us on Twitter
- Like us on Facebook
- Watch our videos on YouTube
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171106005960/en/
LTINeelian HomemPR & Media Relations -
India+91-900-434-5540neelian.homem@lntinfotech.comorKarin BakisPR
& Media Relations -
USA+1-978-998-1578karin.bakis@lntinfotech.comorKatrina DixonPR
& Media Relations -
Europe+44-771-475-3308Katrina.dixon@lntinfotech.com
Lindsell Train Investment (LSE:LTI)
Historical Stock Chart
From Apr 2024 to May 2024
Lindsell Train Investment (LSE:LTI)
Historical Stock Chart
From May 2023 to May 2024