Larsen & Toubro Infotech

LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

Near-term gains for India's sixth largest IT services company factored into valuations

MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.

Larsen & Toubro Infotech said on Tuesday it plans to train more than 12,000 employees on various Microsoft technologies by 2024. LTI announced the expansion of its collaboration with Microsoft to focus on developing high-value cloud solutions for enterprises. As a part of this multi-year collaboration, LTI has launched a dedicated Microsoft business unit that develops and offers end-to-end digital transformation solutions. Through this association, LTI will also train 12,000 professionals from its existing workforce on various Microsoft technologies by 2024, the company said in a statement. "The main objective of this effort is to enable skill development of LTI employees that are a part of Microsoft unit and enhance their competencies across technologies like cloud, data, IoT and security", it said.

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

The amalgamation process of Larsen & Toubro Infotech (LTI) and Mindtree is likely to be completed by December, and during this period, both the companies will continue to operate independently, a senior official said. The two subsidiaries of Larsen & Toubro had last month announced a mega-merger to create an efficient and scaled-up IT services provider, exceeding USD 3.5 billion in combined revenue. The name of the combined entity will be 'LTIMindtree', the companies had said in a statement. We hope the merger will be completed in the next two quarters It is undergoing regulatory approvals. There are three-four agencies involved in the process, L&T Infotech Chief Operating Officer Nachiket Deshpande told PTI. Larsen & Toubro had acquired a controlling stake in Bengaluru-based Mindtree in 2019. Deshpande said he expects demand for IT services to continue to remain strong over the next three-five years, and supply-side constraints to ease within a few quarters. Once ...

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ

IT company Larsen & Toubro Infotech on Tuesday reported a 16.8 per cent increase in consolidated profit at Rs 637.5 crore in the quarter ended March. The company had recorded a consolidated profit of Rs 545.2 crore in the same period a year ago. The revenue from operations increased by 31.57 per cent to Rs 4,301.6 crore during the reported quarter. The same stood at Rs 3,269.4 crore in the year-ago period. For the year ended March 31, 2022, L&T Infotech recorded an 18.63 per cent rise in consolidated profit at Rs 2,296.8 crore. In the year-ago period, it was at Rs 1,936.1 crore. The company's annual income from operations grew 26.66 per cent to Rs 15,668.7 crore in the last fiscal compared to Rs 12,369.8 crore in 2020-21.

As part of this partnership, the two will promote research towards the development of a low-cost, low-frequency 5G network set-up for better connectivity in rural India

The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales

'We report the strongest sequential revenue growth and best ever Q2 of 8.9% in constant currency terms,' says company CEO

Larsen & Toubro Infotech (LTI) on Thursday said it has completed acquisition of Cuelogic Technologies, a digital engineering and outsourced product development company. In June this year, LTI said it will acquire Cuelogic Technologies for USD 8.4 million (about Rs 61.6 crore). The company completed the acquisition of 100 per cent shareholding of Cuelogic on July 7, 2021. Consequently, Cuelogic is now a wholly owned subsidiary of the company and Cuelogic Technologies Inc., US, is now a wholly owned step-down subsidiary of the company, LTI said in a regulatory filing. Cuelogic, which is the seventh acquisition by LTI since the company got listed in 2016, will be integrated with the digital practice of Larsen and Toubro Infotech, the company had earlier said in a statement. Pune-headquartered Cuelogic, which was founded in 2010, primarily focuses on developing cloud native web and mobile applications, modernisation, and runs Innovation Lab as a service for its clients in the US and ..

The acquisition is subject to customary closing conditions which are expected to get completed within 2 to 4 weeks

Nifty has recently made higher bottoms at 14,416 and 14,591 and continues to trade above the 20 and 50-day SMA

In the past one week, the stock of L&T Technology Services outperformed the market by surging 25 per cent, against 1.5 per cent decline in the S&P BSE Sensex

Avenue Supermarts (DMart) is witnessing a breakout from its bullish flag pattern. Further buying momentum would be witnessed if it moves above 2,300

The board declared first interim dividend for the financial year 2020-21 of Rs 15 per share of face value of Re 1 each

At 11:32 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1,003 points or 4.7 per cent at 22,233 points, as compared to 1.4 per cent rise in the S&P BSE Sensex