Board Meeting On July 24, 2017
A meeting of the Board of Directors of the Company will be held on Monday, July 24, 2017, inter alia to consider the following matters: 1. Financial Results:To approve and take on record the unaudited standalone and consolidated financial results of the Company as per Indian Accounting Standards (Ind-AS) for the quarter ended June 30, 2017, along with the Limited Review Reports of the Statutory Auditors thereon.... What customers are looking at is outcomes, not technologies: LTI CEO & MD
LTI, formerly L&T Infotech achieved over $ 1 billion revenue last fiscal. As the company focuses on its growth path, Sanjay Jalona, chief executive and managing director of LTI, says the push would be to increase digital business and look at outcomes in projects for customers."I reckon in the next few years, the whole process of counting the digital revenue will change, and that would be the only way IT would be done," says Jalona in an interviewEdited ExcerptsYou are increasing focus on digital, but traditional IT services still contribute over 60% of the revenue? If you look at two years, since I joined this company we have focused very systemically, driving up structural advisory relationships with our customers. Since the exit of FY 2016, our digital business was less than 20%, today it is 28% as we reported last quarter. So, there is a remarkable opportunity in the marketplace for a company like us, to do and bring value to our customers at the convergence of physical and Updates
LTI chosen as the Duck Creek Implementation Partner by Utica National Insurance Group Updates
LTI Powers its Mosaic Decisions Platform with Microsoft Azure and Microsoft Cortana Intelligence Suite. Updates on Amalgamation/ Merger / Demerger
Further to our letter no. LTI/SE/STAT/2017-18/23 dated May 5, 2017, intimating the approval granted by the Board of Directors for the Scheme for Amalgamation of AugmentIQ with LTI, we wish to inform you that the abovementioned Scheme has been filed with the National Company Law Tribunal ('NCLT') under Section 230 to 232 of the Companies Act, 2013. Schedule Of Analyst/ Institutional Investor Meetings
Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing a Schedule of Analyst/Institutional Investor Meetings planned for the month of June 2017. Updates
We are enclosing herewith a copy of Investor Presentation, which will be uploaded on the Company's website viz. www.Lntinfotech.com/Investors
L&T Infotech (LTI): analysts bullish post Q4 results
When L&T; Infotech (now LTI) went IPO in July 2016, it was the first IPO in several months to open on a discount, compared to its issue price of Rs. 710 per share. That disappointing listing is now long past, and LTI is emerging as a company that has delivered growth at a time the IT industry overall is reeling from global trends and attitudes swinging against outsourcing and in favor of automation/AI. LTI saw revenue growth for its full FY17 at 10% constant currency, higher than the rest of the industry - earnings CAGR for the company is at 1.5x of Tier-1 IT. LTI also logged a 8%+ growth in BFSI (Banking, Financial Services and Insurance) even as other players struggled to deliver growth in this vertical. The company's fourth quarter revenues when annualized, will cross $1 bn, as HDFC Securities notes, bringing the firm into the billion dollar club - the sixth IT services company in India to achieve this landmark. It would also make it capable of competing, and winning big deals. The company is seeing loyalty in large accounts, winning more business from top customers despite higher margins than its industry peers, and focusing on digital and platform led growth. HDFC Securities and Motilal Oswal issued buy calls on LTI based on 1) Lower valuation than its peers 2) "industry leading" return ratios (>50% RoIC) and rising payout ahead (>2.5% dividend yield). The company's growth trajectory looks highly positive according to analysts based on its delivery mix and deepening business in dominant verticals. LTI's share price is currently trending below broker targets. Change in Directorate
Pursuant to Regulation 30 (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Mr. Sudip Banerjee (DIN: 05245757) has been appointed as Non-Executive Independent Director for a period of 5 years with effect from May 20, 2017 till May 19, 2022. There is no relationship between the Mr. Sudip Banerjee with the existing Directors/ Key Managerial Personnels. Outcome of Board Meeting
This has reference to our letter LTI/SE/STAT/2017-18/22 dated May 4, 2017 regarding the captioned subject. In said regards, we would like to state that M/s. Sharp & Tannan, Statutory Auditors of the Company have issued Audit Reports with unmodified opinion on the Standalone & Consolidated Financial Results of the Company for the quarter and year ended March 31, 2017.