Page 2 - L&t Technology Services
Demand recovery to drive L&T Technology's FY22 show as ERD companies rise
Engineering research and development outsourcing expected to grow faster than IT services, say analysts
 "Demand recovery to drive L&T Technology's FY22 show as ERD companies rise")
IT shares in demand; Infosys, LTTS, Sonata Software hit record highs
Thus far in the month of March, the BSE IT index has rallied 10 per cent, against 3 per cent gain in the Sensex
 "IT shares in demand; Infosys, LTTS, Sonata Software hit record highs")
L&T Infotech hits record high, L&T Tech surges 7% in a weak market
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
 "L&T Infotech hits record high, L&T Tech surges 7% in a weak market")
Recent multiple deal wins point to improved outlook for L&T Technology
Analysts have revised their growth guidance for FY22
 "Recent multiple deal wins point to improved outlook for L&T Technology")
L&T Technology Services reports strong revenue and profit growth in Q2FY21
L & T Technology Services Limited, India's leading pure-play engineering services company, announced its results for the second quarter ended September 30, 2020.Highlights for Q2FY21 include:USD Revenue at $178 million; growth of 4.1 per cent QoQRevenue at Rs 13,138 million; growth of 1.5 per cent QoQEBIT margin at 13.7 per cent; up 160 bps QoQNet profit at Rs 1,655 million; growth of 41 per cent QoQInterim Dividend of Rs 7.5 per share; Record date October 27, 2020During the quarter, LTTS won 8 multi-million dollar deals across all industry segments including 3 deals with TCV of USD15mn plus and another 3 deals with TCV of USD10mn plus. Revenues from digital and leading-edge technologies stood at 49 per cent during the quarter."We had a strong quarter with broad based revenue growth and an improvement in operating margin performance, in line with what we had guided. Steady order bookings and a healthy pipeline across all segments gives us confidence that the growth momentum will ..
 "L&T Technology Services reports strong revenue and profit growth in Q2FY21")
L&T Technology Services slips 8% on disappointing June quarter results
In Q1FY21 EBIT margins fell 310 bps QoQ to 12.1 per cent.
 "L&T Technology Services slips 8% on disappointing June quarter results")
Weakness in Nifty only if it breaks 10k: Gaurav Garg of CapitalVia
Nifty is likely to face stiff resistance at 10,200
 "Weakness in Nifty only if it breaks 10k: Gaurav Garg of CapitalVia")
Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit
Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme
 "Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit")
L&T Tech bags engineering, procurement project worth millions in Europe
The expansion project will be implemented at the customer's brownfield plant in Germany over 30 months
 "L&T Tech bags engineering, procurement project worth millions in Europe")
Investors give a miss to the offer for sale in L&T Technology Services
People in the know said there was investor demand at a lower price
 "Investors give a miss to the offer for sale in L&T Technology Services")
L&T Technology Services ups revenue guidance on demand uptick
Engineering services firm banks on larger deals to pick up pace
 "L&T Technology Services ups revenue guidance on demand uptick")
L&T Technology Services revenue rises 15% to Rs 37.4 billion in FY18
For the March quarter, L&T Technology Services posted year-on-year revenue growth of 30 per cent to Rs 10.54 billion
 "L&T Technology Services revenue rises 15% to Rs 37.4 billion in FY18")
L&T Technology gains on multi-million dollar contract from ExxonMobil
The stock was up 4% to Rs 1,270 on the BSE after the company announced that it has signed an agreement with ExxonMobil Exploration Company, valued at more than $20 million in the first year.
 "L&T Technology gains on multi-million dollar contract from ExxonMobil")
L&T Technology Services gain on multi-million dollar deal from Covestro
The stock was trading 1.7% higher at Rs 1,203 on the BSE, as compared to 1% decline in the S&P BSE Sensex at 11:07 am
 "L&T Technology Services gain on multi-million dollar deal from Covestro")
L&T Technology Services hits new high; stock zooms 56% post Q3 results
The stock hit a new high of Rs 1,547, up 18%, rallied 56% from Rs 989 since January 18, 2018 as compared to 2.7% decline in the S&P BSE Sensex.
 "L&T Technology Services hits new high; stock zooms 56% post Q3 results")
L&T Technology Services surges over 10% on good Q3 results
The stock surged 13% to Rs 1,145 on BSE, trading close to its record high of Rs 1,150 touched on January 4, 2018 in intra-day trade.
 "L&T Technology Services surges over 10% on good Q3 results")
L&T Technology Services completes acquisition of US design firm Esencia
Announced it would pay $27 mn to acquire the firm and out of that $15 mn would be paid upfront
 "L&T Technology Services completes acquisition of US design firm Esencia")
L&T Tech bags multi million dollar contract from large semi-conductor company
The company will provide verification support
 "L&T Tech bags multi million dollar contract from large semi-conductor company")
L&T Tech lists at 7% premium, trims gains to end 1% higher
Demand for L&T Tech was tepid, as investors stayed away, having lost money on group concern L&T Infotech
 "L&T Tech lists at 7% premium, trims gains to end 1% higher")
L&T Technology Services lists 7% higher at Rs 920
It hit a high of Rs 931.45 and a low of Rs 897 in intra-day deals on the NSE
 "L&T Technology Services lists 7% higher at Rs 920")
