Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY20 results today.
In US Dollars:
- Revenue at USD 356.5 million; growth of 0.8% QoQ and 11.5% YoY
- Constant Currency Revenue growth of 1.0% QoQ and 12.9% YoY
In Indian Rupees:
- Revenue at Rs 24,849 million; growth was flat QoQ and 15.3% YoY
- Net Income at Rs 3,557 million; growth of (6.1%) QoQ and (1.5%) YoY
"We delivered 12.9% YoY revenue growth in constant currency driven by Digital Services that now make up 39% of our revenues. We also won a large deal by opening a new client logo in Insurance vertical with net-new TCV of US$44m.
We are also pleased to welcome Lymbyc to LTI family. Lymbyc is a specialist AI, machine learning, and advanced analytics company. The acquisition further strengthens LTI's Mosaic platform and our fast-growing digital and analytics offerings." - Sanjay Jalona, Chief Executive Officer & Managing Director.
Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.1577.55 as compared to the previous close of Rs. 1619.3. The total number of shares traded during the day was 31701 in over 1115 trades.
The stock hit an intraday high of Rs. 1629.9 and intraday low of 1575. The net turnover during the day was Rs. 50846420.