LTI FY20 constant currency revenues grow 14.2%;

LTI FY20 constant currency revenues grow 14.2%;

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q4 FY20 and full year FY20 results today.

Q4 FY20,

In US Dollars:

  • Revenue at USD 409.9 million; growth of 3.9% QoQ and 15.9% YoY
  • Constant Currency Revenue growth of 4.7% QoQ and 17.4% YoY

In Indian Rupees:

  • Revenue at Rs 30,119 million; growth at 7.1% QoQ and 21.2% YoY
  • Net Income at Rs 4,275 million; Net Income growth at 13.5% QoQ and 12.9% YoY

Full year FY20

In US Dollars:

  • Revenue at USD 1,524.7 million; growth of 13.0% YoY
  • Constant Currency Revenue growth of 14.2% YoY

In Indian Rupees:

  • Revenue at Rs 108,786 million; growth at 15.2% YoY
  • Net Income at Rs 15,205 million; Net Income growth at 0.3% YoY

Capital Return

  • Final Dividend of Rs 15.5 per share; Dividend pay-out ratio of 35.0% for the year
  • ROE of 29.5% for the year

Recent Deal Wins

  • Multi-year multi-million large deal for complete digital transformation, enhancing productivity and quality of service of a key government ministry by implementing new microservices based applications and building a data and analytics platform
  • A large energy retail company selected LTI for an end to end managed services deal for its IT applications and infrastructure operations
  • Standard Chartered Bank chose LTI as its partner for a strategic Temenos T24 Transact engagement
  • Leading North American bank selected LTI to transition its applications to cloud
  • Global semiconductor major partnered with LTI to digitize its core by re-designing and implementing its critical processes on SAP S/4 HANA
  • A leading property and casualty insurance company chose LTI as its business transformation partner to implement Duck Creek OnDemand Cloud Platform
  • Global media broadcasting giant selected LTI to redesign and modernize its programming and scheduling applications to meet evolving business requirements
  • A leading financial services group chose LTI for AMS engagement

Awards and Recognitions

  • Recognized by the 1Q20 Global ISG Index™ as one of The Breakthrough 15 in Global, Americas, EMEA Sourcing Standouts
  • LTI recognized as a Leader in ISG Provider Lens™: SIAM/ITSM 2020 Study for US Market
  • LTI featured in Constellation ShortList: Innovation Services and Engineering for Q1 2020
  • LTI recognized in Forrester’s Now Tech: IoT Consultancies In Asia Pacific, Q1 2020
  • LTI named in Honorable Mentions in the 2020 Gartner Magic Quadrant for Data and Analytics Service Providers