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Despite good prospects, valuations concerns may cap upside in L&T Infotech

L&T Infotech's new deal wins and pipeline indicates strong demand environment.

In the April-June quarter of FY20, Wipro paid a retention bonus of ~1,00,000 to the freshers, who were hired via campus placement and completed one year

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3 min read Last Updated : Apr 22 2022 | 1:02 AM IST

The country’s sixth largest software company by market capitalisation, Larsen & Toubro Infotech (L&T Infotech) hit a growth hurdle in the March 2022 (Q4FY22) quarter. After strong sequential growth of 8 per cent for the prior couple of quarters, the IT major fell short of street estimates as it reported a sequential growth of 3.6 per cent on a constant currency basis for Q4FY22.

Growth was pegged back by muted volume performance due to onshore attrition. Volume growth was flat for the quarter as compared to 2-4 per cent sequential growth in the previous quarters. Banking, manufacturing and hi-tech sectors were

Topics : L&T Infotech market valuation Software services IT companies

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