PR90674

MUMBAI, India, July 16, 2021 /PRNewswire=KYODO JBN/ --

Net profit up by 19.3% YoY

Special dividend of INR 10 / share on 5 years of listing

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

consulting and digital solutions company, announced its Q1 FY22 results today.

In US Dollars:

- Revenue at USD 470.2 million; growth of 5.1% QoQ and 20.4% YoY

- Constant Currency Revenue growth of 4.8% QoQ and 17.8% YoY

In Indian Rupees:

- Revenue at INR 34,625 million; growth at 5.9% QoQ and 17.4% YoY

- Net Income at INR 4,968 million; decrease of 9.0% QoQ and growth of 19.3% YoY

Capital Return

- Special dividend of INR 10 per share to commemorate the completion of 5 years

of listing on the stock exchanges in India

"We are pleased to report our best ever Q1 sequential growth of 5.1% driven by

holistic growth across our verticals, service lines, client pyramid and

geographies. Our healthy pipeline and continued strong demand makes us

confident of our future growth.

"Q1 also marks the 5-year anniversary of LTI's IPO and our Board has declared a

special dividend to commemorate this occasion. Over these past 5 years, we have

delivered USD revenue CAGR of 13.5% and more than doubled our net profit. I am

proud of how we continue to innovate and deliver year on year industry leading

growth. I am also excited as we strengthen our digital engineering capabilities

welcoming Cuelogic Technologies to the LTI family."

- Sanjay Jalona, Chief Executive Officer & Managing Director

Recent Deal Wins

- A Global Fortune 500 energy distribution company has selected LTI for a

managed security services deal including L1 SOC and end-to-end support for all

security applications. As part of this engagement, LTI will enable a threat

intelligence led security operation to reduce business risk

- A key Middle East player in the renewables and oil & gas energy market has

selected LTI, through its strategic partnership with a regional digital

transformation leader for migration to cloud, modernization and management of

its entire IT landscape

- LTI has been selected for an end-to-end IT managed services deal including

set up of processes and tools, security operations and monitoring solutions for

the divested unit of a global manufacturer and supplier of specialty chemicals

based in North America

- The subsidiary of one of the largest banks in Asia has chosen to partner with

LTI for the implementation, integration and maintenance support of their

private banking platform using Temenos Wealth

- A global semiconductor major based in Europe partnered with LTI to re-design

and harmonize its business processes with SAP S/4HANA to make them more

scalable, efficient, agile, and flexible

- A multinational company providing energy related solutions based in North

America has selected LTI to transform its front and middle office processes

using SAP S/4HANA enabling simplification of operations, improved customer

experience and cost optimization

- A North American property and casualty insurance company has selected LTI for

network support and data base management to ensure seamless operations support

round the clock. This will help accelerate their cloud journey

- An insurance broker based in North America has selected LTI to transform and

digitize its business operations in one of its key growth segments. This would

include its prospecting, sales, and servicing processes to make them modern,

offer more choice to customers, scale the business efficiently and drive

business decisions through data and analytics

- A North American provider of integrated services, delivery and manufacturing

solutions for pharmaceuticals, biologics and consumer health product companies,

has selected LTI to support its applications and ERP systems to ensure

operational efficiency and cost-effective solutions

- A world-renowned stock market index has selected LTI as a cloud

infrastructure and engineering partner to support its multi-year cloud adoption

journey

Awards and Recognitions

- LTI recognized in Gartner 2021 Magic Quadrant for Oracle Cloud Application

Services, Worldwide

- LTI Leni recognized by Forrester Research as a sample anomaly detection

vendor in The Forrester Tech Tide(TM): Customer Insights Methods, Q2 2021

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

Partners Report, US 2021

- LTI Leni recognized as a Representative Vendor in Gartner Market Guide for

Augmented Analytics Tools, Austin Kronz et al.,28 June 2021

Gartner Magic Quadrant for Oracle Cloud Application Services, Worldwide, Katie

Gove  et al., 24 May 2021

Gartner does not endorse any vendor, product or service depicted in its

research publications, 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

Other Business Highlights

- The Board of Directors at its meeting held on July 15th, 2021 have declared a

special dividend of INR 10 per equity share (Face value of INR 1) to

commemorate the completion of 5 years of listing on the stock exchanges in

India

- LTI acquired Cuelogic Technologies, a Digital Engineering and Outsourced

Product Development company

- LTI won multiple accolades at the Institutional Investor 2021 Rest of Asia

ex-Mainland China Executive Team rankings.  LTI has been ranked amongst the top

3 across all sell-side categories in the Technology/IT Services & Software

space: #2 Best CEO, #3 Best CFO, #3 Best ESG, #2 Best IR Program and #1 Best IR

Professional. It was also recognized in the 'Most-Honored' Companies Asia List

2021

- LTI has been recognized as the Global Innovation Partner of the Year by

Snowflake, the Data Cloud Company

- LTI Syncordis has been recognized as Temenos Service Partner of the Year

About LTI

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

helping more than 435 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 36,000 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.

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Source:  LTI