ICICI Direct: L&T Infotech Analyst Meet Update - Cloud, Data, Large Deals Key Theme
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ICICI Direct Report
We attended the virtual analyst meet of Larsen and Toubro Infotech Ltd.
The company highlighted that it aspires to achieve one billion U.S. dollar in cloud revenues in the next three years from current 180 million U.S dollar implying 77% compound annual growth rate over the next three years from this unit.
In addition, the company has won a large deal in the United Arab Emirates amounting to approximately 760 million Arab Emirates dirham (~205 million U.S dollar) over the next six years.
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