Dataquest - - CONTENTS -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.