Larsen & Toubro Infotech Ltd

This industry-leading performance positions us well to deliver continued profitable growth in FY24, says Debasish Chatterjee, MD & CEO

Chose to keep LTTS a niche, specialised engineering service company, says Shankar Raman, Whole-time Director & CFO, L&T

Says cost reduction, efficiency have taken centre-stage for clients as they still want to fund their transformation journeys

L&T said that the orders were won “against stiff international competition”

Analysts opine LTIMindtree will result in LTI Infotech and Mindtree benefiting from each other’s expertise in specific sectors

The one-lakh sq ft facility to accommodate over 1,000 professionals; to deliver clients with unique experiences

The merged entity will be able to have strong partnership status with all the hyper scalers, which will be important for growth going forward, as the IT industry has been highly dependent on the work done with hyper scalers

L&T Group Chairman AM Naik noted that the combined entity, LTIMindtree, will likely cross $5 billion in revenues by next year

The collaboration will focus on developing high-value cloud solutions for enterprises.

The IT and technology services portfolio for L&T includes Mindtree, L&T Infotech and L&T Technology services

Attrition rises to 23.8 per cent from 15.2 per cent in Q1 FY22

Sets up new facility in Kolkata, to offer career opportunities for local talents in futuristic domains