BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Larsen and Toubro Infotech Ltd. reported revenue at $447.4 million, growth of 4.6% quarter-on-quarter U.S. dollar, slight miss on our estimate of 4.8% QoQ U.S. dollar.
Growth was broad-based led by hi-tech and media (up 16.4% QoQ U.S. dollar) due to faster ramp up in Injazat deal, followed by banking and financial services (up 4.9% QoQ U.S. dollar) and manufacturing (up 5.2% QoQ U.S. dollar).
Banking and financial services vertical is poised for strong growth given:
Strong demand momentum from top client and
Partnership with Temenos and success in leveraging Syncordis acquisition has strengthened the company’s position in core banking.
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