BENGALURU: L&T Expertise Providers (LTTS), the engineering providers arm of the L&T group, has reported income of $290.7 million within the quarter ended December. In comparison with the previous September quarter, the income progress was 0.9% in fixed foreign money.
In comparison with the year-ago quarter, it was 11%.
In the course of the quarter, LTTS signed six offers with a complete contract worth of greater than $10 million.
“Now we have made notable progress in every of our new-technology focus areas – AI, software program outlined autos (SDV), and cybersecurity. In AI, we filed 53 patents throughout segments like transportation, medical and industrial merchandise. We had our first main win in SDV with a US OEM to outline the structure of their subsequent era vehicles,” Amit Chadha, managing director and chief govt officer of LTTS, stated.
Chadha stated the deal pipeline continues to be strong with a number of massive deal alternatives as clients search productiveness and effectivity enchancment.
The agency has retained its fixed foreign money income progress steering for the yr at 17.5% to 18.5%.
Whereas the attrition charge has dropped from 16.7% within the September quarter to fifteen.8% within the final quarter, the whole headcount has dropped from 23,880 to 23,298.
In comparison with the year-ago quarter, it was 11%.
In the course of the quarter, LTTS signed six offers with a complete contract worth of greater than $10 million.
“Now we have made notable progress in every of our new-technology focus areas – AI, software program outlined autos (SDV), and cybersecurity. In AI, we filed 53 patents throughout segments like transportation, medical and industrial merchandise. We had our first main win in SDV with a US OEM to outline the structure of their subsequent era vehicles,” Amit Chadha, managing director and chief govt officer of LTTS, stated.
Chadha stated the deal pipeline continues to be strong with a number of massive deal alternatives as clients search productiveness and effectivity enchancment.
The agency has retained its fixed foreign money income progress steering for the yr at 17.5% to 18.5%.
Whereas the attrition charge has dropped from 16.7% within the September quarter to fifteen.8% within the final quarter, the whole headcount has dropped from 23,880 to 23,298.
