Market Overview

LTI USD Revenue Growth up 23.4% YoY; Net Profit Jumps 35.2% YoY

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Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology
consulting and digital solutions company, announced its Q1 FY19 results
today.

In US Dollars:

  • Revenue at USD 319.9 million; growth of 3.5% QoQ and
    23.4% YoY
  • Constant Currency Revenue growth of 5.1% QoQ and 22.9% YoY

In Indian Rupees:

  • Revenue at Rs 21,557 million; growth of 7.7% QoQ and
    29.0% YoY
  • Net Income at Rs 3,612 million; growth of 24.8% QoQ and 35.2%
    YoY

"We are pleased to report a strong start to the year with 5.1% QoQ
revenue growth in constant currency. Our growth has been driven by
continued healthy momentum across multiple sectors, with double-digit
sequential growth in BFS and High-Tech & Media in Q1. We are also happy
to announce a large deal with a Global Fortune 100 consumer and
pharmaceutical giant with a net-new TCV win in excess of US$ 50 Mn.

"Our focus on leveraging digital technologies to solve the challenges
of physical and digital convergence is resonating with our clients and
has laid the foundation for a multi-year growth trajectory. Digital is
now 34% of our revenues."

- Sanjay Jalona, Chief Executive Officer & Managing Director

Recent Deal Wins

  • Multi-year multi-million large deal in the area of ERP, Data and
    Analytics with Global consumer and pharmaceutical conglomerate
  • Selected as the strategic IT Partner by Global electric manufacturing
    major for complete transformation of its legacy IT systems globally
  • Multi-year AMS deal with a Global Manufacturing corporation for Oracle
    e-business suite
  • Global Auto Major selected LTI for a SAP security engagement and to
    build an enterprise outreach platform using Big Data Analytics and
    Enterprise Integration that will cater to all the client's recalls
  • Leading North American online brokerage firm selected LTI to automate
    its business processes
  • Won a Turnkey IIoT engagement for automating a Mineral Port
  • Selected by global property & casualty Insurer to build foundational
    capabilities for its Digital Claims program
  • Japanese multinational food and chemical corporation engaged LTI for
    its migration to S/4HANA
  • US based CPG company chose LTI to migrate its workload to SAP cloud
  • US based global insurance brokerage firm selected LTI for a RPA
    engagement to transform its operations
  • Awarded RPA engagement by an American multinational energy corporation
    to increase the process efficiency and enhance the accuracy of its
    Finance function

Client Testimonial

"We selected LTI as our strategic IT partner for JDE 9.1 ERP
implementation across our enterprise, because of the company's extensive
experience and innovative solutions. LTI's focus on providing new
technologies that help us deliver faster and better outcomes for our
patients and customers continue to drive our joint success in the
Americas, Europe and the Asia Pacific regions."

- Dennis Harris - Vice President Global Operations Process
and Technology Transformation, Catalent Pharma Solutions

Awards and Recognitions

  • LTI positioned as a ‘Leader' for GDPR Services in NelsonHall NEAT
  • LTI named a Leader in Avasant's 2018 Blockchain Services RadarView
  • LTI recognized as a ‘Rising Star' in SAP Cloud Platform: ISG's
    Provider Lens SAP HANA Services 2018-USA
  • LTI featured as a Major Contender in Everest Group PEAK Matrix
    Assessment 2018 for Duck Creek Services
  • LTI featured as a Major Contender in Everest Group PEAK Matrix
    Assessment 2018 for Life Sciences Digital in North America
  • LTI positioned as a "Leader" in Business Process Transformation
    through RPA & AI in NelsonHall NEAT
  • LTI Featured in Gartner's Market Guide for AI-Related Consulting and
    SI Services for Intelligent Automation

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for a particular purpose.

Other Business Highlights

  • LTI won the 2018 Microsoft Partner of the Year Award for Application
    Innovation
  • LTI signed a partnership with MuleSoft, leader in Integration Platform
    as a Service and API Management
  • LTI CEO, Sanjay Jalona is listed among the Best CEOs in the IT
    Services & Software category across all the listed companies in Asia
    in the All-Asia Executive Team 2018 rankings by Institutional Investor

About LTI:

LTI (NSE: LTI, BSE: 540005) is a global technology consulting and
digital solutions company helping more than 300 clients succeed in a
converging world. With operations in 27 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 the Larsen & Toubro group,
our unique heritage gives us unrivaled real-world expertise to solve the
most complex challenges of enterprises across all industries. Each day,
our team of more than 24,000 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 https://www.lntinfotech.com
or follow us at @LTI_Global

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