LTI constant currency revenues grow 9.2% QoQ and 30.1% YoY; Net profit up by 18.0% YoY
PR94148
SYDNEY, January 19, 2022 /PRNewswire=KYODO JBN/ --
Larsen & Toubro Infotech (BSE 540005) (NSE: LTI), a global technology
consulting and digital solutions company, announced its Q3 FY22 results today.
In US Dollars:
- Revenue at USD 553.0 million; growth of 8.7% QoQ and 29.3% YoY
- Constant Currency Revenue growth of 9.2% QoQ and 30.1% YoY
In Indian Rupees:
- Revenue at INR 41,376 million; growth at 9.8% QoQ and 31.2% YoY
- Net Income at INR 6,125 million; growth of 11.0% QoQ and 18.0% YoY
"We are happy to report 9.2% QoQ revenue growth in constant currency. This
is our best ever quarterly sequential growth since listing. Our ongoing revenue
momentum sets us up to deliver our highest year-over-year growth as a publicly
listed company. We continue to have incredible conversations with our customers
on their digital transformation journeys."
- Sanjay Jalona, Chief Executive Officer & Managing Director
Recent Deal Wins
- Selected by one of the largest global veterinary care practices and chain
of North American pet clinics, a new logo, for a managed services deal
involving cyber security and modernization of IT infrastructure including
migration to cloud to gain operational efficiencies and transform clinic
management and support
Engaged by a Global Fortune 500 multinational pharma corporation to
modernize and support its data platform ensuring speed and availability of real
time data, scalability for future expansion and optimized cost
- Selected by a Global Fortune 500 company and a world-wide leader in
beauty and cosmetics for implementing its HR Transformation plan. Based on
Snowflake technology, the engagement aims to augment next-gen HR Analytics
capabilities, one-stop-shop for data, real-time access and mobile friendly
solutions
- Engaged by a Global Fortune 500 energy company to provide 'Data Management
as-a-Service' for their Subsurface Platform ensuring efficient and seamless
operations in a secure, cloud-based environment
- Selected by a North American utility company for cloud transformation
across data, infrastructure, security and ERP systems to build resilient and
scalable IT infrastructure
- A world leader in semiconductor solutions partnered with LTI to rollout
SAP S/4HANA to one of their largest manufacturing sites to optimize business
performance and improve business agility
- A financial services firm based in North America has selected LTI to build
the necessary functionality to integrate, support and migrate record keeping
system onto the Unitrax platform. This will ensure their distribution, support
and operations efforts are streamlined onto a single platform as well as
improve time-to-market for new product launches
- Engaged by an insurance carrier to set up core systems and to design,
develop and support a digital platform enabling integration of applications
with both external and internal systems
- Engaged by a global bank headquartered in Europe for digital
transformation of its payment processing functionality in 12 countries from
legacy systems ensuring scalability, ability to process higher volumes,
streamlining and standardization
- LTI modernized the ERP platform and established a centralized and
standardized e-commerce platform for a global mission critical flow control
equipment manufacturer and has now been selected to manage applications to
drive enhanced customer experience and revenue growth
- A large bank in Namibia has appointed LTI as its partner on its digital
transformation journey. LTI will revamp the integration layer with
microservices enabling the bank to become cloud-ready digital leader in its
chosen geographies in Africa
- Selected to partner with one of the largest banks in the Middle East on
their wealth management transformation using Temenos Wealth Management Suite
ensuring best practices, efficiencies, right shoring and a scalable model for
future expansion
Awards and Recognitions
- ISG Provider Lens™: Digital Business — Solutions and Service Partners 2021
- LTI Positioned as a Leader in Digital Business Consulting Services – US
- LTI Positioned as a Leader in Digital Business Experience Services - US
- LTI Recognized as a Leader in Everest Group's Temenos IT Services PEAK
Matrix® Assessment 2022
- LTI Positioned as a Major Player in IDC MarketScape Worldwide Managed
Multicloud Services Vendor Assessment 2021
- LTI Ranked 5th in HFS Top 10 Energy Services 2021
- LTI Positioned as a Leader in Everest Group's Insurance Platforms IT
Services PEAK Matrix Assessment 2022
- LTI recognized in Gartner Report What Distinguishes Successful Service
Providers in the Data and Analytics Services Market, Twiggy Lo, 28 October 2021
- Fosfor Lumin, the AI-powered augmented analytics product (formerly LTI
Leni) recognized in The Forrester Report : Augmented BI Holds New Promises, But
It's Still Early Days, November 2021
Gartner does not endorse any vendor, product or service depicted in its
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warranties of merchantability or fitness for a particular purpose
Other Business Highlights
- LTI has partnered with Securonix and Snowflake to strengthen its
cybersecurity offerings and prevent sensitive data from growing threats as
enterprises migrate to cloud
- LTI wins Top Performing Partner Award at Red Hat India
About LTI
LTI (NSE: LTI) is a global technology consulting and digital solutions
Company helping more than 475 clients succeed in a converging world. With
operations in 33 countries, we go the extra mile for our clients and accelerate
their digital transformation 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.
Earnings Conference Call and Audio Webcast
Jan 19th, 2022 (08:00 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 |
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International Toll Number |
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