Clearly a spectacular performance for the company during FY 17 and going by Sanjay Jalona, the company’s CEO and MD, he said, “Our superior performance in Q4 and full year FY17 is a result of our intense focus on client success and comprehensive transformation capabilities across digital, analytics, IoT, automation, and cloud. With a 3.6% Q-o-Q growth in Q4, we are ending the year with a healthy 9.3% Y-o-Y growth in USD revenues. 2017 is our 20th anniversary and a big milestone for LTI. We are celebrating it with a bold and ambitious refresh in our brand identity that will position LTI to compete effectively in the years ahead.”
In INR terms the company saw a top line growth of 11.2% and a net income of 9,709 million representing a growth at 16.1% YoY
In the Q4 FY 17 earning call, the company’s CEO stated, “First, FY17 was an exceptional year for us in terms of large deal wins. This year is also special for many, many reasons. It marks our first financial year as a listed company and we hit the annual revenue run rate of a billion dollar with Q4 revenues of $254 million. At a personal level, this is my first full financial year as the CEO of the company and it has been a very satisfying and a humbling experience not only for me but the leadership team as well.”
The company’s market traction is quite evident as we look at the list of deals secured. The significant ones are: A multi-million dollar Infrastructure management services engagement across the globe for the US headquartered global maker of diversified manufacturing equipment Multi-year transformational deal with OKQ8, one of Scandinavia’s largest energy companies. LTI will leverage the full Microsoft cluster capability to help OKQ8 achieve digital leadership. Leading Property & Casualty Insurance company chose LTI to implement Duck Creek policy administration product for six commercial lines of businesses New-age Testing services for the US based Global Energy corporation Engagement with a Saudi Arabia based private sector Company renowned for innovation. LTI would work with the client to implement a virtual platform, which is aimed to reduce unemployment rates, leveraging multiple service offerings - both applications & infrastructure services. LTI was selected by a USA based provider of privately labeled credit card, loyalty and marketing services provider to consolidate their on premise IT tools to cloud. As we look at LTI’s overall performance in FY 17, what worked over the year was a combination of strategy, expansion of leadership team and the acquisition of AugmentIQ and the listing on the stock exchanges- all these blended well and manifested in an excellent performance.