Demand outlook robust; attrition to cool off in Q3 FY23: L&T Infotech COO

This should be the last quarter as an independent entity, merger to complete between November-December, said COO Deshpande

The demand outlook is robust across all customer segments and geographies, while attrition will come under control in Q3 FY23, said Nachiket Deshpande, whole-time director and Chief Operating Officer at Larsen & Toubro Infotech Limited.

The multinational IT services and consulting company announced its Q2 FY23 results on Saturday. The firm reported a 23.2 per cent rise in its net profit. The profit rose to Rs 679.8 crore in the quarter that ended on September 30, against Rs 551.7 crore a year ago. The company’s revenue from operations grew by 28.39 per cent to Rs 4,836.7 crore from Rs 3,767 crore