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Strong deal pipeline to sustain L&T Infotech's growth trajectory

Margins could face some pressure in the near term

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2 min read Last Updated : Oct 22 2020 | 6:05 AM IST

The L&T Infotech stock gained over 4 per cent on Wednesday after the company posted better than expected revenue performance and record margins in the September quarter. India’s sixth largest software services firm posted revenue growth of 2.3 per cent in constant currency terms, much ahead of the street’s 1-1.5 per cent expectation.

The revenue growth was led by the banking, financial services and insurance vertical which grew 9.5 per cent on a sequential basis and accounted for 90 per cent of the incremental revenue uptick in the quarter.

While revenues were better than expectations, earnings before interest and taxes (EBIT) margin

Topics : Larsen and Toubro L&T Infotech

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