L&T Technology Services

Management maintains FY25 guidance of 8-10 per cent revenue growth in CC, which implies a steep growth rate of 4.5-7 per cent growth per quarter in H2FY25

BENGALURU (Reuters) - Indian engineering research and development services provider L&T Technology Services reported a 7% rise in its fourth-quarter revenue on Thursday, in line with street expectations, aided by strong deal wins.

LTTS attended the Nvidia GTC global AI conference and revealed its plans to upskill its engineers in software such as Nvidia AI Enterprise, including Nvidia NeMo, Nvidia NIM

The capital will support the firm's continued enhancement of the technology as well as recruitment of top-tier talent and expansion of its product teams

Chandra has been with the L&T Group since October 2013

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Larsen and Toubro Technology Services (LTTS) has partnered with Google Cloud for implementing generative technology in operations, the company said on Tuesday. LTTS is the digital engineering and R&D services company under Larsen and Toubro Group. LTTS Developer Experience platform (DevX) is designed for engineering services, offering API-enabled solutions across industries, the company said in a statement. The company said it will combine its expertise with Google Cloud for developing the platform and optimise test case generation by integrating gen AI into the development code and automating code generation to reduce manual efforts and boost development efficiency. LTTS Chief Operating Officer Abhishek Sinha said, "This partnership not only propels us closer to our gen AI goals but also cements our commitment to revolutionizing engineering and digital solutions for the benefit of multiple industries. As LTTS and Google Cloud embark on this transformative journey, the engineering

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The company has slashed its full-year FY24 revenue guidance to 17.5-18.5 per cent year-on-year growth in constant currency (CC) terms

On the other hand, the growth was led by the transportation vertical, which grew 3.9 per cent

The tech firm declared a dividend of Rs 30 per share

L&T Technology Services (LTTS) on Thursday announced a new Centre of Excellence (CoE) in Mysore, Karnataka, that leverages the power of the cloud with Amazon Web Services (AWS). The CoE will allow L&T Technology Services to transition its suite of technologies focused on the future of mobility and reduce time-to-market for end customers. "By leveraging AWS infrastructure, LTTS will provide an opportunity to use AWS to support the automotive domain," according to a release. Backed by its engineering domain expertise in Electric, Autonomous, and Connected Vehicles (EACV), LTTS has been helping original equipment manufacturers (OEMs) to develop next-generation vehicles and aircraft that have tailored solutions focused on safety and security. "The new CoE will leverage LTTS' cross-disciplinary skillsets covering embedded, mechanical, and digital facets of engineering," the release added. LTTS has been actively working with global technology companies like AWS to bring digital ...

Near-term growth concerns, too, weighed on the stock

The business transfer to L&T Technology Services will be on slump sale basis

Engineering services company L&T Technology Services (LTTS) announced on Monday the opening of its new campus in Mysuru to cater to the design and development of embedded solutions, digital products and software engineering. The new 'Module X' campus houses eight floors with engineers in this centre working on a wide spectrum of services covering multiple industries, the company said in a statement. The campus has a capacity to seat over 1,300 engineers who will be working on high-end projects for LTTS' global clientele, it said. LTTS said it has laid out plans to hire over 1,000 engineers in Mysuru over the next two years as it rapidly expands its delivery and design centre in the city to cater to burgeoning demand for engineering services.

IT company L&T Technology Services on Tuesday posted a 22.7 per cent growth in consolidated net profit to Rs 282.4 crore for the second quarter ended September 2022. The company had reported a net profit of Rs 230 crore in the same period a year ago. The consolidated revenue from operations of L&T Technology Services (LTTS) grew about 24 per cent to Rs 1,995 crore from Rs 1,607.7 crore in the September 2021 quarter. LTTS CEO and Managing Director Amit Chadha said the company has achieved annualised revenue run-rate of USD 1 billion (about Rs 8,000 crore) in constant currency terms. "We are proud to have achieved a USD 1 billion annualized revenue run-rate in the second quarter on constant currency basis. Our momentum stayed strong in the second quarter with revenue growing sequentially by 4.5 per cent in constant currency. Investments into our EACV (Electric Autonomous Connected Vehicles) big bet has helped us win large deals consistently," Chadha said. He added that the ...

Engineering services firm L&T Technology Services announced on Monday that it has won a five-year, multi-million-dollar deal from European luxury automaker BMW Group to provide high-end engineering services for its suite of infotainment consoles targeted for its family of hybrid vehicles. The LTTS team of engineers will be providing services in the areas of software build and integration, infotainment validation and defect management, the company said in a statement. "The large deal was awarded to LTTS because of its deep domain expertise and engineering leadership in transportation technologies and LTTS' proven ability to offer unique opportunities to scale up existing projects and work on new ones," it said. LTTS said it has an existing near shore centre which provides engineering and R&D services for BMW Group's suite of infotainment consoles and its family of hybrid electric vehicles. The proximity to BMW Group's campus will enable LTTS' engineers to work on a variety of ..

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Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22