PR92408

MUMBAI, India, October 18, 2021 /PRNewswire=KYODO JBN/ --

   - LTI constant currency revenues grow 8.9% QoQ and 25.5% YoY; Net profit up

by 20.8% YoY

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

consulting and digital solutions company, announced its Q2 FY22 results today.

   In US Dollars:

   - Revenue at USD 509.0 million; growth of 8.3% QoQ and 25.8% YoY

   - Constant Currency Revenue growth of 8.9% QoQ and 25.5% YoY

   In Indian Rupees:

   - Revenue at INR 37,670 million; growth at 8.8% QoQ and 25.6% YoY

   - Net Income at INR 5,517 million; growth of 11.1% QoQ and 20.8% YoY

   Recent Deal Wins

   -  Selected by a European company providing digital marketing solutions for

a global, end-to-end managed services deal spanning across the internal IT

department. The scope includes business applications maintenance, development

and support of cloud and data platforms, as well as  end-user services. This

will cover multiple digital technologies and will ensure costs efficiency,

increased service flexibility and quality, and support growth plans of the

company

   -  Chosen by a North American manufacturer of golf cars and utility vehicles

for a global end-to-end IT managed services deal including set up of processes

and tools, security operations, monitoring solutions, and application support.

LTI will also be responsible for cloud migration of critical applications as

part of this engagement

   -  Engaged by one of India's leading private sector banks to create a data

platform on cloud spanning all core and foundational functions of the bank such

as Retail, NRI, Wealth, Corporate, Risk, Finance, Operations and HR. The

platform will deliver 'Speed to Insights' through data & BI democratization,

create an ecosystem for AI-assisted sales and services including hyper

personalized customer management

   -  Selected by a leading specialty vehicle manufacturing company as primary

managed services partner to support applications and infrastructure landscape.

This is company's first-generation end-to-end outsourcing contract which will

bring 30% savings to operational cost

   -  Selected by a leading mass media company as part of a vendor

consolidation exercise for database management and support to streamline

operations and reduce costs

   -  Selected by a global bank for solving regulatory reporting issues and

improving business operations efficiency through process automation

   -  Chosen by a Global Fortune 500 company and a world-wide leader in beauty

and cosmetics for migration of its SAP systems to cloud

   -  Engaged by a leading property and casualty insurance software and data

analytics provider based in North America in the product engineering space for

their Centre of Innovation to enhance customer experience and efficiency across

its core products

   -  Selected by a Global Fortune 500 oil exploration and production company

to bring down its cost and drive operational efficiency by transforming

traditional operations into an agile based service delivery

   -  Engaged by a multinational professional services provider to provide

level 3 delivery management and support on a key revenue generating platform

   -  Chosen by a financial services provider as its partner of choice to

provide support for its key operational applications to ensure operational

efficiencies and reduce costs

   -  Selected by the Japanese subsidiary of a utility company headquartered in

Europe to migrate to SAP S/4HANA to harmonize and simplify its business

processes, improve productivity and enhance user experience

   Awards and Recognitions

   -  LTI recognized as a representative vendor in the Gartner Market Guide for

Artificial Intelligence Service Providers, Shubhangi Vashisth et al., 26 July

2021

   -  LTI Recognized as a Leader in the ISG Provider Lens™ Utilities Industry –

Services and Solutions – North America 2021 Report

   -  LTI Positioned as a Major Contender in Everest Group's Microsoft Dynamics

365 services PEAK Matrix® Assessment 2021

   -  LTI recognized in the Forrester report: Experience Design Provider Trends,

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 Oct 18th, 2021 have

declared an interim dividend of INR 15 per equity share (Face value of INR 1)

   -  LTI has entered in a partnership with eClinicalHealth Limited to

accelerate digital innovation in R&D clinical trials management process for

patient-centric drug development. LTI will help accelerate joint go-to-market

pursuits and faster deployment for Clinpal (cloud-based patient-centric SaaS

solution). The solution will make use of exponential technologies such as

analytics and AI to enhance patient engagement and faster clinical studies

   -  LTI is now a signatory to the Ten Principles of UN Global Compact. These

principles lay down the operating guidelines for a company to meet their

fundamental responsibilities in the areas of human rights, labor, environment

and anti-corruption

   -  LTI has been recognized as a Great Place to Work-Certified™ Company in

the USA for a second consecutive year

   -  LTI has been awarded the Golden Peacock National Quality Award 2021. The

award recognizes LTI's consistent endeavor to deliver excellence while

maintaining optimum quality benchmarks

   About LTI

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

Company helping more than 460 clients succeed in a converging world. With

operations in 33 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 40,000 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.

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

   Source: LTI