Larsen & Toubro Infotech (LTI) reported a 32.8% growth in its December quarter net profit to ₹375.5 crore, riding on a 31.3% growth in its revenues to ₹2,472 crore.
In dollar terms, revenue grew 18.2% to $346.9 million and the company registered constant currency revenue growth of 20.6%.
“We are pleased to deliver another strong quarter with 5.6% Q-o-Q growth in U.S. dollar revenues. “Our broad-based revenue growth, superior margin delivery and steady cash generation in Q3 is a testimony of our focused execution and client-centricity. We are also thrilled to welcome Ruletronics to LTI family. Ruletronics enables businesses to transform and evolve digitally by providing innovative BPM and CRM solutions leveraging Pega Platform,” said the firm’s MD and CEO Sanjay Jalona.
The company has appointed Nachiket Deshpande as its chief operating officer, who brings rich experience in technology and IT industry and last served as the senior vice president and global delivery head for the Banking and Financial Services unit at Cognizant Technology Solutions.
LTI collaborated with ACORD to develop a comprehensive set of digital standards and solutions for the insurance industry, said a company statement.
