L&T Infotech's expectations of better growth in H2FY20 a shot in the arm?

December quarter results are likely to provide clarity on growth prospects

The L&T Infotech (LTI) management’s expectations of better growth in the second half of the current financial year (H2FY20) comes as a shot in the arm, given the challenges that the global tech industry is facing. However, the going may not be smooth. This is why the stock, after gaining close to 2 per cent in intra-day trade on Thursday, closed the session marginally lower at Rs 1,631.25.

The company, during its analyst meet on Wednesday, had indicated that year-on-year (YoY) revenue growth during H2FY20 would be around 14 per cent in constant currency terms, higher than the 12 per