Business Wire

LTI Q2 FY19: USD revenue growth up 21.4% YoY; Net Profit jumps 46.7% YoY

Jaa

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q2 FY19 results today.

In US Dollars:

  • Revenue at USD 328.5 million; growth of 2.7% QoQ and 21.4% YoY
  • Constant Currency Revenue growth of 3.5% QoQ and 22.9 % YoY

In Indian Rupees:

  • Revenue at Rs 23,312 million; growth of 8.1% QoQ and 33.1% YoY
  • Net Income at Rs 4,003 million; growth of 10.9% QoQ and 46.7% YoY

“Q2 revenue growth was driven by Digital Services that now make up 37% of our revenues. We secured another large deal for a global pharma company with a net-new TCV of US$55m. Healthy pipeline, continued large deal momentum and uptick in Digital Services across all verticals make us optimistic about the future. “

- Sanjay Jalona, Chief Executive Officer & Managing Director, LTI

Recent Deal Wins

  • Multi-year, multi-million managed services deal across the globe for a world leader in pharma space
  • US Insurance major has engaged LTI as strategic IT partner for its largest technology modernization program using Guidewire product suite
  • Europe headquartered global financial services group selected LTI to transform user experience across their branches in Africa
  • Leading designer and manufacturer of mass transport system engaged LTI for transforming its operations, accelerating time to market and digitize internal processes using S/4 HANA
  • Selected by an American broadcaster for its enterprise wide CRM consolidation, design and deployment on Salesforce platform
  • Awarded multi-year managed infrastructure services deal by a Global Energy corporation
  • North American Video Relay Service provider selected LTI for its Digital transformation journey involving rollout of modern flexible platform for its mobile applications
  • Utility major engaged LTI for implementing SAP CRM 360 Management System to improve its customer experience and increased visibility into request fulfillment
  • Global Insurance broker chose LTI as its Digital partner to define their automation roadmap
  • Global Pharma giant, a new client logo, chose LTI as a strategic digitization partner to drive their Robotic Process Automation journey

Client Testimonial

“We chose LTI as our strategic IT partner for global development and implementation of Parts Management System and Remanufacturing System. We are impressed with LTI’s deep understanding of our industry, experience of doing business across the globe and intense focus on customer satisfaction.”

- Yoshisada Takahashi, Chief Information & Innovation Officer (CIO), President, Information Strategy Division, Komatsu LTD

Awards and Recognitions

  • LTI recognized as a “Leading IT Service Providers” in Gartner’s Competitive Landscape: Consulting and System Integration Service Providers for Robotic Process Automation
  • LTI recognized as a “Leader” in ISG Provider LensTM Overall Next-Gen ADM Services in the U.S. Market
  • LTI recognized in Forrester’s Now Tech: Digital Process Automation Service Providers, Q3 2018
  • LTI featured as a Major Contender and Star Performer in Everest Group PEAK Matrix™ Assessment 2018 for Application Services in Global Banking
  • LTI recognized in Forrester’s Now Tech: Digital Experience Agencies In Asia Pacific, Q3 2018
  • LTI named by the 3Q18 Global ISG Index™ as one of The Breakthrough 15 Sourcing Standouts in the Americas

Other Business Highlights

  • The Board of Directors at its meeting held on October 24th have declared an interim dividend of Rs. 12.5 per equity share (Face value of Re. 1)
  • LTI unveiled a state-of-the-art Center of Excellence (CoE) in Bengaluru, focused on Internet of Things (IoT) based innovations. The CoE will showcase the possibilities of transformative technologies to global customers, featuring Industrial IoT solutions developed on PTC’s ThingWorx® platform
  • Designated as an official Centre of Excellence by Automation Anywhere for their platform
  • LTI won the 2018 Stevie® Awards for Great Employers in Internal communications & Employee engagement categories
  • Won the CIO 100 award for LTI’s Workplace by Facebook project
  • Awarded Best Corporate in Women Empowerment for its CSR initiative in Revival of the Warli Artform through Entrepreneurship at National CSR Summit & Awards 2018

*Gartner does not endorse any vendor, product or service depicted in its research public ations, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About LTI :

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 30 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 in 1997 as a subsidiary of Larsen & Toubro Limited, 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 25,000 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 http://www.Lntinfotech.com or follow us at @LTI_Global

Connect with LTI :

Contact information

Larsen & Toubro Infotech
Neelian Homem
PR & Media Relations - India
+91-900-434-5540
neelian.homem@lntinfotech.com
or
Karin Bakis
PR & Media Relations - USA
+1-978-998-1578
karin.bakis@lntinfotech.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

Vertex Announces European Commission Approval for ORKAMBI® (lumacaftor/ivacaftor) for Treatment of Children with Cystic Fibrosis Aged 2 to 5 Years Old with Most Common Form of the Disease21.1.2019 12:00Tiedote

Vertex Pharmaceuticals (Europe) Limited today announced that the European Commission has granted approval of the label extension for ORKAMBI® (lumacaftor/ivacaftor) for the treatment of children with cystic fibrosis (CF) aged 2 to 5 years old who have two copies of the F508del mutation, the most common form of the disease. “Today’s approval by the European Commission brings us one step closer to our goal of bringing treatment to all people living with CF,” said Reshma Kewalramani, MD, Executive Vice President, Global Medicines Development and Medical Affairs and Chief Medical Officer at Vertex. ‘‘By treating the underlying cause of disease early, we can potentially modify its course and offer patients the chance of improved outcomes.’’ The label update is based on data from a Phase 3 open-label safety study in 60 patients that showed treatment with lumacaftor/ivacaftor was generally well tolerated for 24 weeks, with a safety profile in these pediatric patients generally consistent with

Anticipation Builds as MWC19 Barcelona Approaches21.1.2019 12:00Tiedote

The GSMA today announced final updates for MWC19 Barcelona (formerly Mobile World Congress), including additional keynote speakers, participating companies, programmes and events. Taking place 25-28 February 2019, with events being staged at Fira Gran Via, Fira Montjuïc and La Farga L’Hospitalet, MWC19 Barcelona is set to attract more than 107,000 professionals from over 200 countries and territories. “With the anticipated arrival of 5G, this year’s event is set to be one of the most exciting as the industry convenes to showcase Intelligent Connectivity across new technologies on the brink of reaching millions of people across the world,” said John Hoffman, CEO, GSMA Ltd. “Over the four days of MWC19, attendees will have the opportunity to hear from leaders who are driving innovation and we look forward once again to welcoming the mobile world to Barcelona.” Global Leaders to Keynote The GSMA announced the addition of several new keynote speakers for MWC19 including executives from lea

B2C2 Launches Streaming OTC Pricing with Point-and-Click Execution21.1.2019 12:00Tiedote

B2C2, one of the largest cryptocurrency liquidity providers and the leader in electronic OTC trading, today announced the launch of streaming pricing with point-and-click execution on its OTC platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190121005063/en/ Max Boonen, Founder and CEO of B2C2 (Photo: Business Wire) For the first time, B2C2’s clients will be able to view and execute trades on a real-time two-way market, via the firm’s secure web interface. The new functionality allows market participants to easily monitor live pricing in user-defined quantities and execute with the click of a button, as they would on traditional FX trading platforms. The launch rounds out a number of milestones for B2C2 in 2018, including surpassing 2017 peak volumes; rolling out a completely redesigned front-end; forming integration partnerships with the major liquidity hubs; and launching a research offering. Founded in 2015, B2C2 i

Alnylam Pharmaceuticals and Medison Pharma Partner to Commercialize RNAi Therapeutics in Israel21.1.2019 11:00Tiedote

Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), the leading RNAi therapeutics company, and Medison Pharma, Israel’s leading commercial partner for innovative pharmaceuticals, announced today an exclusive agreement to commercialize ONPATTRO®, the first-ever commercialized RNAi therapeutic, as well as other investigational therapeutics under development in the Alnylam RNAi portfolio. “Our partnership with Medison marks an important step in our global commercial expansion and signals our intent to ensure that patients suffering from serious rare diseases have access to our medicines, regardless of location,” said Theresa Heggie, SVP and Head of Europe, Middle East and Africa, and Canada, Alnylam Pharmaceuticals. “Medison has a strong organization with a proven track record of commercializing orphan products successfully, together with an infrastructure uniquely suited to supporting patients suffering from rare diseases in Israel and providing access to our potentially transformational thera

Gore Introduces GORE® TAG® Conformable Thoracic Stent Graft with Reduced Profiles in Europe21.1.2019 11:00Tiedote

W. L. Gore & Associates, Inc. (Gore) today introduced reduced profiles for the most commonly used diameters of the GORE® TAG® Conformable Thoracic Stent Graft with ACTIVE CONTROL System. The reduced profile allows physicians to perform TEVAR in patients with smaller vessels where access is challenging and aortic anatomy is tortuous, expanding the availability of Gore’s thoracic stent graft to a greater population of patients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190121005042/en/ GORE(R) TAG(R) Conformable Thoracic Stent Graft with ACTIVE CONTROL System (Photo: Business Wire) The GORE® TAG® Conformable Thoracic Stent Graft was modified to reduce the delivery profile of the 31, 37, and 40 mm device diameters by 2 Fr for all lengths. The reduction in profile, through the use of a smaller diameter primary sleeve, is the only change to the device. The stent graft leverages the same predictable outcomes of the time-teste

HCL 2030 Ecosystem Platform to Explore Societal Implications of Emerging Technology at the World Economic Forum21.1.2019 10:26Tiedote

HCL Technologies (HCL), a leading global technology company and the World Economic Forum’s Strategic Partner, today announced its largest presence to date at the side-lines of World Economic Forum’s Annual Meeting in Davos scheduled from 21st January 2019 to 25th January 2019. The company will host a three-day event in a special Pavilion that will feature a technology showcase, thought-leadership programs, as well as a number of high-level networking and social events throughout the tenure of the conference. The overarching theme of the HCL and Fast Company programs will explore how humanity’s relationship with technology will evolve through the next decade of rapid innovation. HCL has partnered with Fast Company to develop a thought-leadership track that includes three panel discussion breakfasts. As part of the theme of Human-Machine Harmony, HCL is launching the HCL 2030 Platform, together with its ecosystem of partners and stakeholders, that will conduct in-depth explorations and d

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme