Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q2 FY20 results today.
In US Dollars:
- Revenue at USD 363.8 million; growth of 2.0% QoQ and 10.8% YoY
- Constant Currency Revenue growth of 2.4% QoQ and 11.9% YoY
In Indian Rupees:
- Revenue at Rs 25,707 million; growth of 3.4% QoQ and 10.3% YoY
- Net Income at Rs 3,604 million; growth of 1.3% QoQ and (10.0%) YoY
"In Q2, we delivered a steady 11.9% YoY growth in constant currency driven by on-track ramp up of large deal wins that we announced earlier. We won three large deals in this quarter, all of them from new clients, aggregating to net-new TCV of ~US$100 million. A healthy pipeline, continued large deal momentum and fast-growing Digital services across all verticals make us optimistic about the future." - Sanjay Jalona, Chief Executive Officer & Managing Director.
Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.1498.9 as compared to the previous close of Rs. 1524.35. The total number of shares traded during the day was 25245 in over 1490 trades.
The stock hit an intraday high of Rs. 1540.9 and intraday low of 1494. The net turnover during the day was Rs. 38023761.