Tag Archive for LTI

LTI: FY19 constant currency revenues grow 20.9%; Net Profit for the full year up 36.2%

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By K Vivek Mobile: 09820310487 Email: indianshowbusiness@gmail.com

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q4 FY19 and full year FY19 results today.

Q4 FY19

In US Dollars:

  • Revenue at USD 353.8 million; growth of 2.0% QoQ and 14.5% YoY
  • Constant Currency Revenue growth of 1.9% QoQ and 17.5% YoY

In Indian Rupees:

 

  • Revenue at Rs 24,860 million; growth at 0.5% QoQ and 24.2% YoY
  • Net Income at Rs 3,785 million; Net Income growth at 0.9% QoQ and 30.8% YoY

Full year FY19

In US Dollars:

  • Revenue at USD 1,349.1 million; growth of 19.1% YoY
  • Constant Currency Revenue growth of 20.9% YoY

In Indian Rupees:

  • Revenue at Rs 94,458 million; growth at 29.3% YoY
  • Net Income at Rs 15,155 million; Net Income growth at 36.2% YoY

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LTI Named as the Top Challenger in the Everest Group’s PEAK Matrix IT Service Provider of the YearTM 2019

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company has topped the list of ‘Challengers’ in the Everest Group’s PEAK MatrixTM Service Provider of the Year 2019, for the second year in a row. The Challengers List includes companies with revenues less than USD 2 billion. Read more

LTI and ACORD Announce Collaboration to Drive Digital Adoption in the Insurance Industry

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company, and ACORD, the global data standards-setting body for the insurance industry, expanded their long-standing alliance to develop a comprehensive set of digital standards & solutions for the Insurance industry.

These digital standards and reference architectures will enable microservices-powered communication protocols, helping insurance companies quickly deploy standard digital technologies to transform operations, deliver better experiences, and improve business outcomes to compete in the digital world.

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LTI Appoints Nachiket Deshpande as Chief Operating Officer

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has appointed Nachiket Deshpande as its Chief Operating Officer.

Nachiket brings more than 23 years of rich experience in delivery management, customer relationships management, account and P&L management across verticals, technologies and geographies. In his last role as the Senior Vice President & Global Delivery Head for the Banking and Financial Services unit at Cognizant Technology Solutions, he was responsible for global delivery and P&L across all services lines, products, and platforms, as well as driving large-scale skills transformation. In a career spanning more than two decades, he has held management positions in the US, Europe, and Asia across delivery, practice building and client facing roles.

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

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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

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LTI and PTC Unveil IoT Center of Excellence

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company, in alliance with USA-based PTC Inc., today unveiled a state-of-the-art Center of Excellence (CoE) in Bengaluru, focused on Internet of Things (IoT)-based innovations. The CoE will focus specifically on Industry 4.0 solutions in Manufacturing and Oil & Gas sectors.   Read more

LTI Inaugurates Global Delivery Center in Johannesburg

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By K Vivek Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Sudhir Chaturvedi, President Sales and Executive Board Member, LTI inaugurating its latest global delivery center in Johannesburg.

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company inaugurated its latest global delivery center in Johannesburg. The 30,000+ sq. ft. state-of-the-art center with a capacity of 250 seats will help the company expand its operations in South Africa across all sectors.

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LTI Ranks as the Top Service Provider in France

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By K Vivek Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company ranked number one in the overall customer satisfaction, in the European IT outsourcing study conducted by Whitelane Research. The French study is part of Whitelane’s annual extensive IT outsourcing survey. LTI is positioned well above the industry average on several Key Performance Indices such as Service Delivery, Relationship, Commercial, and Transformation. Read more

LTI Joins the Enterprise Ethereum Alliance

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By Vivek  K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company has joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative. As a member of the EEA, LTI will collaborate with industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures.

LTI is working with several clients across Banking, Financial Services, Insurance, Manufacturing, Energy, Media and Government to help monetize the benefits of blockchain through disruptive business models, improved customer experience and significant cost reduction. The Company has also built an innovation ecosystem leveraging partnerships with academia, start-ups and major technology providers, and has built several ready-to-deploy solutions in the areas of trade finance, supply chain, travel insurance, and rights & royalty management among others. Read more

Accudyne Industries Selects LTI as its IT Infrastructure & Security Management Partner

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company has been selected by Accudyne Industries, LLC (Accudyne Industries) as the transformation partner to provide IT Infrastructure & Security Management Services.  Accudyne Industries is a leading global provider of precision engineered, process-critical and technologically advanced flow control systems and industrial compressors.

Accudyne’s businesses support complex, large-scale installations within oil and gas, energy, petrochemical, chemical, industrial manufacturing, construction, mining, and water and wastewater treatment industries. Accudyne chose LTI as its consulting and IT services partner to enhance end-user experience while attaining  flexibility and scalability across its business landscape. LTI will provide services leveraging an intelligent, global, managed services engagement model supported by a command and security operations center. Read more