LTI Crosses USD 2 billion Annual Revenue Run Rate

LTI constant currency revenues grow 8.9% QoQ and 25.5% YoY; Net profit up by 20.8% YoY

LTI (L&T Infotech) announced its Q2 FY22 results today. With revenue at INR 37,670 million; growth at 8.8% QoQ and 25.6% YoY, their net income at INR 5,517 million; growth of 11.1% QoQ and 20.8% YoY. The headcount was up by 31% year on year.

“We are happy to report the strongest sequential revenue growth and best-ever Q2 of 8.9% in constant currency terms. As we cross the $ 2 billion annual revenue run rate, we continue to remain committed to growth in the future. We are witnessing strong demand and are rapidly scaling up on the supply-side with our headcount up 31% year on year.” says Sanjay Jalona, Chief Executive Officer & Managing Director.

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 460 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.