LTI

Market experts said, several of these companies were already in violation of the filing rules due to their inability to submit certain forms, thanks to the portal issues

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

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

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

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree

In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix

According to the technical analyst from Anand Rathi, Symphony may give decent gains in the coming 3 to 4 weeks.

While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure

In a Q&A, Sanjay Jalona, CEO and MD, LTI (earlier L&T Infotech), talks about the growth momentum, the Shoshin approach to hiring and talent development and acquisitions

IT firm L&T Infotech (LTI) on Thursday reported a 19.3 per cent rise in consolidated net profit to Rs 496.8 crore for the June 2021 quarter, and declared a special dividend of Rs 10 per share. The company had registered a net profit of Rs 416.4 crore in the same period a year ago, LTI said in a statement. Its revenue was up 17.4 per cent to Rs 3,462.5 crore in the reported quarter from Rs 2,949.2 crore in the year-ago period, it added. "We are pleased to report our best ever Q1 sequential growth of 5.1 per cent, driven by holistic growth across our verticals, service lines, client pyramid and geographies. Our healthy pipeline and continued strong demand make us confident of our future growth," LTI CEO and Managing Director Sanjay Jalona said. The company, over the past five years, has delivered USD revenue CAGR of 13.5 per cent and more than doubled its net profit, he added. "I am proud of how we continue to innovate and deliver year on year industry-leading growth. I am also ...

Dollar revenue stood at $356.5 million at 12.9 per cent constant currency growth over the year

Engineering major L&T's software arm LTI will be hiring around 3,800 freshers this fiscal as it expects the business to grow at a faster clip, a top official has said. The company is working at a very high utilisation level now and wants to hire more to get down the level, chief executive Sanjay Jalona said. "We will be hiring 3,700-3,800 freshers this fiscal year as against the 3,000 freshers we hired in FY19," he told PTI over the phone. Additionally, it will also hire laterally as well as per project requirements on a "just-in-time" basis, he said. Asked whether the necessary talent is available on call, especially given the fact that a lot many companies are depending on the just-in time hiring model, Jalona said talent is the biggest issue which keeps him awake and the concerns have only aggravated lately. In FY19, the industry added 1.7 lakh new jobs, according to industry lobby Nasscom. However, industry executives keep expressing concerns over the quality of

LTI announced a large deal with a Global Fortune 100 consumer and pharmaceutical giant with a net-new total contract value win in excess of $50 mn