INSUBCONTINENT EXCLUSIVE:
Pune: LT Technology Services (LTTS) reported a net profit of Rs 197.5cr for the quarter ended 30th June, 2018, up 24% sequentially and 101%
The company reported revenue of Rs 1152.2cr for the same period, up 9.2% sequentially and 40.1% over the corresponding quarter last year
come back as a growth engine with double-digit sequential growth in the quarter
The demand environment remains healthy and we are seeing clients prioritizing spending on digital engineering to gain the competitive edge
and achieve faster time to market
Our deep industry expertise and capabilities in emerging technologies like NBIoT, Edge Computing, M2M and 5G position us well to capture a
higher wallet share of digital engineering spend
I would like to highlight our work in Medical segment where we are transforming healthcare using automated image processing algorithms to
leading-edge technologies increased to 31% of the overall business, a growth of 79% YoY
During the first quarter, LTTS won five multi-million dollar deals across process industry, telecom hi-tech, industrial products and
Two clients have crossed USD50mn+ in annual billing
On a YoY basis, LTTS has increased its USD10mn+ clients by 2 and its USD5mn+ clients by 5
At the end of the first quarter, the patents portfolio of LT Technology Services stood at 337 patents out of which 251 are co-authored with
its customers and 86 are filed by LTTS
Its employee strength stood at 13,081, a net addition of 774 during the quarter.
