L&T Infotech (BSE code: 540005) (NSE: LTI), (LTI), a global IT services and solutions provider, announced its Q3 FY17 results today.
In US Dollars:
- Revenue at USD 245.1 million; growth of 2.3% QoQ and 9.0% YoY
- Constant Currency Revenue growth of 3.8% QoQ and 10.3% YoY
In Indian Rupees:
- Revenue at Rs 16,667 million; growth at 4.0% QoQ and 12.1% YoY
- Net Income at Rs 2,480 million; Net Income growth at 6.6% QoQ and 10.5% YoY
| “Our robust growth in this quarter is a result of our investments in digital technologies and strong emphasis on client success. We grew 3.8% sequentially in constant currency. Q3 saw us win three large deals with cumulative net-new TCV in excess of US$ 100 Mn. These deals are in the areas of infrastructure operations and transformation, ERP transformation-on-the-cloud and upstream application portfolio management. We expect this momentum to continue as global companies are looking for client centric and nimble services partners that can deliver outcomes quickly.”
- Sanjay Jalona, Chief Executive Officer & Managing Director |
Recent Deal Wins
- Multi-year infrastructure operations and transformation engagement for an international institution
- Multi-year deal from a Fortune 10 energy corporation for upstream applications portfolio management
- Multi-year, multi-million deal from a French transnational company with operations in more than 40 countries for ERP transformation-on-the-cloud
- Applications management & analytics in the areas of treasury, risk management and compliance for a US based global investment banking & financial services corporation
- Engagement with a Nordic financial services company in the area of Blockchain technology for enhancing data security in online transactions
- Robotic Process Automation for a US based global leader in automotive seating
- Establishing a unified digital workplace for a leading multinational upstream Oil & Gas company
- Strategic HR Transformation program using SAP Fiori technology for a US based worldwide consumer products company
- Multi-year SAP managed services engagement for a US based multinational diversified conglomerate
Client Testimonial
"We partnered with LTI more than ten years ago and the relationship has grown continuously. We wanted a partner focused on our needs, a partner who worried about our issues and got excited about our success. That is what we call client centricity and that is what we experience with LTI.”
- Mikael Spliid, Head of WMO IT Solutions, Nordea
Partner Testimonial
"I´m very excited about our partnership with LTI to deliver invisible infrastructure to customers worldwide. Large enterprises will be delighted by the 1-click experience where simplicity and security are not a zero-sum game."
- Dheeraj Pandey, Founder, CEO & Chairman, Nutanix
Other Business Highlights
- LTI joined the Nutanix partner network
- LTI joined the Global Alliance Program of Duck Creek Technologies
- LTI completed the acquisition of AugmentIQ
- LTI launched MOSAIC Experience Center at its head-quarter in Powai, Mumbai to showcase MOSAIC solutions to accelerate digital transformation
- Ashok Sonthalia has been recognised as CFO of the year 2016 for IT industry by Institute of Chartered Accountants of India
Awards and Recognitions:
- Named by ISG as one of Americas Sourcing Standouts and one of the Top Service Providers in the Breakthrough 15 list of the Global ISG IndexTM
- Positioned as a Leader in The Forrester Wave™: Application Outsourcing Capabilities of Midsize Offshore Vendors, Q4 2016
- Positioned as a Major Player & Star Performer in Everest Group’s Insurance AO PEAK MatrixTM 2016
- Positioned as a Major Player in the IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment (Doc #US40510516, Sep 2016)
- Positioned as ´Major Contender´ in Everest Group’s Big Data & Analytics Services in Global Banking PEAK MatrixTM 2016
- Positioned as a ´Major Contender´ in Everest Group’s Digital Services PEAK MatrixTM Assessment, 2016
- Cited as a "Contender" in The Forrester Wave™: B2C Mobile Services Providers, Q4 2016
About L&T Infotech
L&T Infotech, a subsidiary of $16 Bn Larsen & Toubro group, is a global IT services and solutions provider with presence in 23 countries. We solve complex business challenges at the convergence of digital and physical with our real-world expertise and client centricity. We enable our clients to build innovative business models, enhance operational efficiencies and create captivating customer experiences.
We provide a comprehensive portfolio of solutions and services for various sectors like Banking & Financial Services, Insurance; Consumer Products, Media & Entertainment, Technology, Oil & Gas and Manufacturing. Our comprehensive services include Digital, Analytics, Automation, IIoT, ERP, Testing, and Infrastructure Management.
Connect with LTI:
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