Page 3 - L&t Technology Services

L&T Technology Services partners Mavenir for Open RAN, 5G automation

L & T Technology Services Limited, a global leading pure-play engineering services company, today announced a strategic partnership to deliver end-to-end 5G automation services with Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud.The automation services will include Continuous Integration / Continuous Delivery (CI/CD) automation of the 5G ORAN portfolio of RU/DU/CU products, in conjunction with the Cloud Native 5G NSA and SA core network products, for global frequency bands supporting TDD and FDD technology.LTTS's rich heritage in the delivery of telecommunications engineering products and services and growing portfolio of ready-to-use 5G components played a crucial role in this agreement. LTTS will contribute to the acceleration of Mavenir's cloud-native product roadmap driving increased market share in the 5G telecom landscape. This engagement between LTTS and Mavenir also enables a unique opportunity for ..

Amit Chadha takes charge as MD and CEO of L&T Technology Services

L&T Technology Services on Thursday said Amit Chadha has taken charge as the company's CEO and managing director. Amit Chadha has taken over as CEO and MD of LTTS, effective April 1, in line with previous disclosures made to stock exchanges dated October 19, 2020, according to a statement. Prior to his elevation, Chadha was serving as the deputy CEO and whole-time board member, it added. Chadha joined LTTS in 2009 and has been a core member of LTTS' executive management team, closely involved in the company's listing on stock exchanges in 2016. Subsequently, he progressed to assume charge as president (sales and business development) where he was responsible for helping global R&D customers and Fortune 500 companies leverage LTTS' digital engineering offerings for their strategic differentiation and product development. The ER&D services sector is poised to play a critical role over the next decade as the confluence of engineering and technology reshapes the products and ..

Demand recovery to drive L&T Technology's FY22 show as ERD companies rise

Engineering research and development outsourcing expected to grow faster than IT services, say analysts

IT shares in demand; Infosys, LTTS, Sonata Software hit record highs

Thus far in the month of March, the BSE IT index has rallied 10 per cent, against 3 per cent gain in the Sensex

L&T Infotech hits record high, L&T Tech surges 7% in a weak market

In the past one week, the stock of L&T Technology Services outperformed the market by surging 25 per cent, against 1.5 per cent decline in the S&P BSE Sensex

Recent multiple deal wins point to improved outlook for L&T Technology

Analysts have revised their growth guidance for FY22

L&T Technology Services reports strong revenue and profit growth in Q2FY21

L & T Technology Services Limited, India's leading pure-play engineering services company, announced its results for the second quarter ended September 30, 2020.Highlights for Q2FY21 include:USD Revenue at $178 million; growth of 4.1 per cent QoQRevenue at Rs 13,138 million; growth of 1.5 per cent QoQEBIT margin at 13.7 per cent; up 160 bps QoQNet profit at Rs 1,655 million; growth of 41 per cent QoQInterim Dividend of Rs 7.5 per share; Record date October 27, 2020During the quarter, LTTS won 8 multi-million dollar deals across all industry segments including 3 deals with TCV of USD15mn plus and another 3 deals with TCV of USD10mn plus. Revenues from digital and leading-edge technologies stood at 49 per cent during the quarter."We had a strong quarter with broad based revenue growth and an improvement in operating margin performance, in line with what we had guided. Steady order bookings and a healthy pipeline across all segments gives us confidence that the growth momentum will ..

L&T Technology Services slips 8% on disappointing June quarter results

In Q1FY21 EBIT margins fell 310 bps QoQ to 12.1 per cent.

Weakness in Nifty only if it breaks 10k: Gaurav Garg of CapitalVia

Nifty is likely to face stiff resistance at 10,200

Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit

Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme

L&T Tech bags engineering, procurement project worth millions in Europe

The expansion project will be implemented at the customer's brownfield plant in Germany over 30 months

Investors give a miss to the offer for sale in L&T Technology Services

People in the know said there was investor demand at a lower price

L&T Technology Services ups revenue guidance on demand uptick

Engineering services firm banks on larger deals to pick up pace

L&T Technology Services revenue rises 15% to Rs 37.4 billion in FY18

For the March quarter, L&T Technology Services posted year-on-year revenue growth of 30 per cent to Rs 10.54 billion

L&T Technology gains on multi-million dollar contract from ExxonMobil

The stock was up 4% to Rs 1,270 on the BSE after the company announced that it has signed an agreement with ExxonMobil Exploration Company, valued at more than $20 million in the first year.

L&T Technology Services gain on multi-million dollar deal from Covestro

The stock was trading 1.7% higher at Rs 1,203 on the BSE, as compared to 1% decline in the S&P BSE Sensex at 11:07 am

L&T Technology Services hits new high; stock zooms 56% post Q3 results

The stock hit a new high of Rs 1,547, up 18%, rallied 56% from Rs 989 since January 18, 2018 as compared to 2.7% decline in the S&P BSE Sensex.

L&T Technology Services surges over 10% on good Q3 results

The stock surged 13% to Rs 1,145 on BSE, trading close to its record high of Rs 1,150 touched on January 4, 2018 in intra-day trade.

L&T Technology Services completes acquisition of US design firm Esencia

Announced it would pay $27 mn to acquire the firm and out of that $15 mn would be paid upfront

L&T Tech bags multi million dollar contract from large semi-conductor company

The company will provide verification support