L&T Technology

L&T Technology Services will set up offshore development centre for NYSE-listed company

The deal will focus on the development and operation of next-generation software platforms tailored to both current and upcoming vehicle models

Growth was primarily driven by the Technology and Sustainability segments

Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps

The EBIT margin of the company stood at 15.6 per cent, falling 130 basis points (bps) sequentially and 1.6 per cent YoY

Larsen and Toubro Technology Services (LTTS) has partnered with Google Cloud for implementing generative technology in operations, the company said on Tuesday. LTTS is the digital engineering and R&D services company under Larsen and Toubro Group. LTTS Developer Experience platform (DevX) is designed for engineering services, offering API-enabled solutions across industries, the company said in a statement. The company said it will combine its expertise with Google Cloud for developing the platform and optimise test case generation by integrating gen AI into the development code and automating code generation to reduce manual efforts and boost development efficiency. LTTS Chief Operating Officer Abhishek Sinha said, "This partnership not only propels us closer to our gen AI goals but also cements our commitment to revolutionizing engineering and digital solutions for the benefit of multiple industries. As LTTS and Google Cloud embark on this transformative journey, the engineering

For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus.

The tech firm declared a dividend of Rs 30 per share

L & T Technology Services Limited (BSEUnder the terms of the 5-year agreement, LTTS will work with the customer to deliver solutions leveraging its e-mobility technology competence. Notably, this will be delivered from LTTS' ER & D center in Krakow, Poland.LTTS plans to have over 300 engineers working from its Krakow, Poland center in the next 3 years, marking its expansion into Eastern Europe.Amit Chadha, CEO & Managing Director, L & T Technology Services said, "We have been investing in Electric, Autonomous and Connected Vehicle (EACV) as part of our 6 big bets and our engineers have developed several new scalable e-mobility solutions that can accelerate global automotive players' EV development journey.This landmark deal reinforces that our strategic investment is paying off and establishes LTTS' dominant position in the EACV landscape. The Krakow R & D center will serve as a nearshore center to Western European and North American clientele across ...

Lower than expected Q4 show, premium valuations were other factors

Engineering research and development outsourcing expected to grow faster than IT services, say analysts

Q3 performance was better than estimates led by growth across verticals

While deal pipeline remains strong, Q3 growth, valuations could impact stock

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

The company's business is broadly divided into three baskets - engineering, procurement and construction (EPC) projects, manufacturing and defence, and services

L&T Technology Services (LTTS) Friday posted about 21 per cent rise in consolidated net profit to Rs 191.5 crore for the fourth quarter of 2018-19, helped by broad-based growth across industry segments. The company's revenue from operations stood at Rs 1,343.1 crore, up 27 per cent year-on-year and two per cent on a sequential basis. "We had an excellent year, growing ahead of the industry once again. Growth in the financial year 2018-19 was broad-based and we achieved our target of double-digit growth in all five of our industry segments," LTTS CEO and MD Keshab Panda said. He said operational metrics also showed an improvement and aided the Ebitda (earnings before interest, tax, depreciation and amortisation) margin expansion of 250 basis points in 2018-19. The company's net profit for the full year ended March 31, 2019, stood at Rs 765.6 crore, rising 51 per cent over the previous fiscal, while the revenue at Rs 5,078.3 crore translated into a growth of about 36 per cent over ..

In the third quarter-ended December, LTTS reported a net profit of Rs 185.6 crore, growth of 47 per cent over the corresponding period of the previous fiscal year

Follows in the footsteps of GE, which pioneered industrial internet model with proprietary Predix

The net profit stood at Rs 130.8 crore in the year-ago period

L&T made its stock market debut at Rs 920 per share, 7% more than its issue price of Rs 860