We are living through extraordinary times - times that are difficult alike forbusinesses economies and communities. Continuity of operations along with health andsafety of our employees have remained our top priorities as we navigate through thiscrisis. We are closely supporting the Government initiatives to flatten the curve ofCOVID-19 across the globe.
While the pandemic impacted our business in the last quarter of the year the completeFY2020 has been yet another year of industry-leading performance for LTI. You will behappy to know that your Company has reported its fourth consecutive year of double-digitgrowth.
I would like to take this opportunity to step back and reflect - retrace our journeyand take pride in our many accomplishments and landmarks. What began 20 years ago as theIT arm of L&T - more as an initiative to retain its IT talent - has today grown into a30000+ strong IT major the sixth largest in the country. Your Company's aggressivegrowth rapid expansion of capabilities and establishment of a business presence in newgeographies have been yielding good results. Over the last two decades LTI has been anagile innovative and adaptive enterprise and also the one with a conscience.
During the calendar year 2019 your Company made four strategic acquisitions andexpanded the partner network to further strengthen areas of expertise. With consolidatedpartner ecosystem and proven ability to deliver transformational industry-specificsolutions your Company is strengthening its capabilities as a leading expert ofexponential technologies.
LTI Mosaic and Leni our offerings for the entire data-to-decisions cycle are betterequipped with automation and Artificial Intelligence capabilities to address the needs ofbreakaway enterprises.
A recent accomplishment I take special pride in is LTI's inclusion in the covetedNifty Next 50 Index. This has been achieved by consistently strong business fundamentalsa steady growth diversified service offerings and rapidly growing share of digitalrevenues. These are also the reasons that make the long-term prospects of your Companyvery attractive.
You will be proud to know that Digital today comprises more than 40% of your Company'srevenue augmenting its strategic goal to be the preferred partner for new-ageenterprises. Your Company enables digital transformations for clients across the spectrumof size vertical and location using the newest technologies helping them to befuture-proof and resilient.
Greater the adversity bigger the opportunity. Given the nature of this pandemicopportunities are immense. We are better prepared than ever to leverage our strengths andgo the distance for our clients and for the communities that we are part of. Responding tothe crisis LTItes everywhere have risen to their community responsibility to serve fellowcitizens through our 1 Step program.
As we proceed further in the next year I congratulate Sanjay and LTI's entireleadership team on their performance so far and wish them the best to continue steeringthe Company with experience intuition and foresight. I'm sure we will weather thisunprecedented crisis together and emerge stronger.
I wish everyone great health.
A. M. Naik