AsiaNet 89360

MUMBAI, India, May 5, 2021 /PRNewswire=KYODO JBN/ --

Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology

consulting and digital solutions company, announced its Q4 FY21 and full year

FY21 results today.

Q4 FY21

In US Dollars:

-Revenue at USD 447.4 million; growth of 4.6% QoQ and 9.1% YoY

-Constant Currency Revenue growth of 4.4% QoQ and 7.1% YoY

In Indian Rupees:

-Revenue at INR 32,694 million; growth at 3.7% QoQ and 8.5% YoY

-Net Income at INR 5,457 million; Net Income growth at 5.1% QoQ and 27.6% YoY

Full year FY21

In US Dollars:

-Revenue at USD 1,670.1 million; growth of 9.5% YoY

-Constant Currency Revenue growth of 8.8% YoY

In Indian Rupees:

-Revenue at INR 123,698 million; growth at 13.7% YoY

-Net Income at INR 19,382 million; Net Income growth at 27.5% YoY

Capital Return

-Final Dividend of INR 25 per share; Dividend pay-out ratio of 36.1% for the

year

-ROE of 30.5% for the year

“Supported by a strong Q4, FY21 was another year of market leading growth. We

are happy to report revenue growth of 9.5% and net profit growth of 27.5% for

the year. In Q4, we also won two large deals with net new TCV of USD 66 mn,

culminating into a record large deal TCV for FY21.

Our superior performance is a result of the untiring efforts of 35,000+ LTItes

who stood together during one of the most trying times ensuring client

deliveries. We will continue to invest in the strength of our business as we

remain committed to growth in FY22 as well.”

- Sanjay Jalona, Chief Executive Officer & Managing Director

Recent Deal Wins

-  LTI has been chosen as a long-term strategic partner in a vendor

consolidation deal for management of core insurance platforms for a large

Fortune 500 Insurance company. This is a unique deal which includes vendor

consolidation and several modernization programs across multiple core areas in

the property and casualty insurance space in North America.

-  A leading regional bank, a new logo, selected LTI for a core banking

transformation program involving implementation of Temenos. As part of the

program, LTI will be the lead system integrator and will replace the Bank's

existing lending platform using the Temenos T24 platform as well as handle data

migration from legacy systems. The implementation of this program will enable

the bank to introduce new lending products, reduce complexities, service its

increasing customer base in a faster and efficient manner while lowering the

total cost of ownership. Empowered with pre-configured local functions, this

transformation will enable the bank to cater to regulatory requirements within

a relatively short time span and reduced efforts.

-  LTI has been selected by a US based heavy equipment manufacturing

conglomerate for an application managed services deal for its parts business to

enable reduction in total cost of ownership and operational excellence.

-  A North American property and casualty mutual insurance company has

partnered with LTI to replace its existing on-premise legacy core systems with

a SaaS based Duck Creek solution. This engagement will accelerate client's

digital transformation to enable better customer experience and support. It

will also optimize operational costs and enable rapid expansion of services to

other regions.

-  A Global Fortune 500 multinational pharma corporation has chosen LTI as its

advisory partner to transform its finance function. LTI will play a key role in

meeting business objectives such as data consistency by implementing effective

data monitoring and reconciliation processes for their global business

operations.

-  A Germany based multinational engineering conglomerate has selected LTI for

an SAP HANA Data Lake migration project to Snowflake for its energy business

company, to ensure significant cost savings with scaling and managing data

analytics and increased efficiencies in the form of faster decision making.

-  A Global Fortune 500 energy distribution company has selected LTI to support

its SAP Customer Information System implementation for one of its acquired

entities. The aim of this program is to digitize its meter-to-cash process and

bring about automation in customer services to deliver operational efficiencies

and cost reduction.

-  A leading property and casualty insurance software and data analytics

provider based in North America has selected LTI to migrate from their legacy

enterprise data warehouse platform to Snowflake's data cloud in phased manner

to ensure reduced costs, streamline processes, enhance efficiencies and

competitive advantage.

-  LTI has been selected to provide infrastructure support and network

operations services to reduce costs and increase efficiencies for a leading

distributor of specialty concrete and construction products in North America.

-  A Global Fortune 500 entertainment and media enterprise has selected LTI to

build a global reporting platform for its digital media supply chain

applications using Snowflake to provide enhanced visibility of complex supply,

production and delivery workflows across the enterprise.

-  The international branch of a leading financial services providers in the UK

has appointed LTI as the lead systems integrator for their core banking

modernization and transformation program. This will enable leveraging capacity

and stability of the Cloud with Temenos SaaS to improve customer experience,

reduce costs and bring new products to market faster and scale efficiently.

Awards and Recognitions

-  LTI topped the list of 'IT Services Challenger 2021' in Everest Group's PEAK

Matrix Service Provider of the YearTM Awards. LTI also improved its ranking

from 16 last year to 11 in the overall PEAK Matrix(R) rankings for IT services

- the highest leap registered by any player. LTI is also a Star Performer of

the Year in Banking and Financial Services PEAK Matrix(R) Assessments

-  LTI Leni and LTI Mosaic recognized in The Forrester Tech Tide(TM):

Enterprise Business Insights & Analytics, Q1 2021

-  LTI Recognized as a Leader in the ISG Provider Lens(TM) Intelligent

Automation - Solutions and Services in AIOps for Midmarket - US 2020

-  LTI positioned as an Innovator in Avasant's IoT Services RadarView(TM)

Report 2021

Other Business Highlights

-  The Board of Directors at its meeting held on May 4th, 2021 have recommended

a final dividend of INR 25 per equity share (Face value of INR 1) for the

financial year 2020-21. Total dividend for FY21 is INR 40 per equity share,

including the interim dividend of INR 15 per equity share declared in October

2020

-  LTI appointed Anil Rander as its Chief Financial Officer. He is a seasoned

finance leader with over 27 years of multifaceted experience in driving

business performance and growth. He joins LTI from Tech Mahindra Ltd., where he

was Global Head of Finance for BPS. Also, as Senior Vice President - Finance

and Legal, he led the Finance, Legal, Facilities & Risk Management functions of

Tech Mahindra Business Services Ltd.

-  LTI and AWS have entered into a Strategic Partnership to Accelerate

Enterprise Cloud Adoption to expand joint offerings for Migration,

Modernization, SAP, IoT, and Data-on-Cloud.

-  LTI is recognized as a Microsoft Azure Expert Managed Services Provider, the

prestigious program is a global initiative by Microsoft that enables its

leading partners to differentiate by proving real-world proficiency and skills

in data and cloud competencies

-  LTI in the UK has been recognized with Top Employer 2021 certification, by

the Top Employers Institute, the global authority recognizing excellence in

people practices

About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions Company

helping more than 400 clients succeed in a converging world. With operations in

31 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 unrivalled real-world expertise to

solve the most complex challenges of enterprises across all industries. Each

day, our team of more than 34,000 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.

Earnings Conference Call and Audio Webcast

May 05th, 2021 (05:30 PM IST)

Please dial the below number at least 5-10 minutes prior to the conference

schedule to ensure that you are connected to your call in time.

Universal Access Number

+91 22 6280 1104

+91 22 7115 8005

International Toll Number

USA              : 13233868721

UK                 : 442034785524

Singapore      : 6531575746

Hong Kong     : 85230186877

Replay of Conference Call

Available after 1 hour from the call end time until May 9th, 2021

Playback Code: 70765

Dial-in Number: Indi    +91 22 7194 5757

                                      +91 22 6663 5757

                USA Toll Free            18332898317

                UK Toll Free              8007563427

                Singapore Toll Free   8001012510

                Hong Kong Toll Free  800965553

Audio Webcast

The audio from the conference call will be available online through a webcast

and can be accessed at the following link:

https://links.ccwebcast.com/?EventId=LT210505

Click here for your DiamondPass(TM) [

https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=4730021&linkSecurityString=fb21571dc

]

DiamondPass(TM) is a Premium Service that enables you to connect to your

conference call without having to wait for an operator.

If you have a DiamondPass(TM), click the above link to associate your pin and

receive the access details for this conference. If you do not have a

DiamondPass(TM), please register through the link and you will receive your

DiamondPass(TM) for this conference.

Logo: https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg

Source: LTI