LTI Constant Currency Revenues Grow 10.6% YoY; Net Profit Up 17.1% YoY

MUMBAI, India, July 15, 2020 /PRNewswire/ -- Larsen & Toubro Infotech (NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY21 results today.

In US Dollars:


-- Revenue at USD 390.3 million; decrease of 4.8% QoQ and growth of 9.5%
YoY
-- Constant Currency Revenue decrease of 4.7% QoQ and growth of 10.6% YoY
In Indian Rupees:


-- Revenue at INR 29,492 million; decrease of 2.1% QoQ and growth of 18.7%
YoY
-- Net Income at INR 4,164 million; decrease of 2.6% QoQ and growth of
17.1% YoY
"COVID-19 is a crisis unlike any other and its impact on lives and livelihoods continues to be felt across the world. I am extremely proud of our LTItes who have stood together during these times ensuring client deliveries.

"In a quarter marked by a challenging environment, we have delivered revenue growth of 10.6% YoY in constant currency and closed a large deal as well.

"We remain committed to exceeding client expectations in the face of this unprecedented pandemic while prioritizing the health and well-being of our people."

- Sanjay Jalona, Chief Executive Officer & Managing Director

Recent Deal Wins


-- A U.K. based wealth management firm, has selected LTI for a
multi-million, multi-year deal to provide remote infrastructure support,
modern cyber security services and migration to IBM Power Cloud from
their legacy wealth management platform
-- LTI has been chosen by a leading American aerospace company to provide
managed services for its data center as well as to enable migration for
its on-premise infrastructure to Cloud
-- A leading debt management company in Europe has selected LTI to
implement a digital integration platform powered by MuleSoft. This
platform will replace the existing legacy service layer and integrate
all the current and future applications across its 11 countries of
operation
-- A producer and distributor of petrochemicals has selected LTI to be its
sole partner for an application support contract
-- The OTT services subsidiary of a leading diversified entertainment and
media enterprise has selected LTI for enhancements required on its
rights management platform
-- LTI executed a license sale agreement for its MOSAIC platform with an
American manufacturer of vertical transportation systems
-- One of the world's largest oilfield services company, has selected LTI
for platform management services for next generation devops
-- A medical devices manufacturing company has chosen LTI for a managed
services deal
-- A provider of insurance coverage for trucking fleets as well as public
transportation has chosen to partner with LTI on its transformation
journey involving data managed services as well cloud migration services
-- A leading IT management services company decided to partner with LTI on
a managed infrastructure services deal
-- A leading provider of heating and cooling solutions has selected LTI for
its information security solutions
Awards and Recognitions


-- LTI recognized in Forrester's Now Tech: Oracle Apps Implementation
Services Providers, Q2 2020
-- LTI recognized as a Rising Star for Managed Application Services in the
ISG Provider Lens(TM) Salesforce Ecosystem Partners 2020 US Report
-- LTI recognized as a Leader for Office 365 Integration in the ISG
Provider Lens(TM) Microsoft Ecosystem 2020 US Report
-- LTI featured as a Major Contender and Star Performer in Everest Group
BFS Risk and Compliance IT Services PEAK Matrix® Assessment 2020:
Building Cloud-based Data Infrastructure for Intelligent Real-time
Controls
-- Powerupcloud, a subsidiary of LTI, has been selected as one of the
global launch partners of Amazon Web Services (AWS) Outposts - an
initiative in hybrid cloud computing and Amazon Forecast
Other Business Highlights


-- LTI launched an Accelerated Migration Program for customers of SAP with
Amazon Web Services (AWS) reflecting its highest standards of knowledge
in the functional and technical aspects of AWS cloud migration for SAP
solutions
-- LTI launched Canvas, an integrated platform in partnership with
Microsoft, that brings together various processes, tools and
methodologies to drive technology and business outcomes for teams
operating in a distributed environment
-- LTI introduced SafeRadius, a GDPR-compliant return-to-work app to ensure
workforce well-being and enhance operational efficiency as employees
return to work
-- LTI was recognized as one of the top 5 IT brands in India as well as Top
100 brands in the country as per "India 100 2020" report by Brand
Finance, an independent brand valuation consultancy
-- LTI has become a signatory to the UN Women's Empowerment Principles
(WEPs) demonstrating commitment towards gender-responsive business
practices and creating equal opportunity at the workplace as well as
among communities globally
About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world. With operations in 31 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 Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 30,000 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 http://www.lntinfotech.com [http://www.lntinfotech.com/] or follow us at @LTI_Global.

Logo - https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg [https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg]

CONTACT: Shambhavi Revandkar, PR & Media Relations, India, +91-22-6776 8625, shambhavi.revandkar@lntinfotech.com

Web site: https://www.lntinfotech.com/

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