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ICICI Direct: L&T Infotech Analyst Meet Update - Cloud, Data, Large Deals Key Theme

ICICI Direct: L&T Infotech Analyst Meet Update - Cloud, Data, Large Deals Key Theme

A person  works on an assignment on a laptop computer. (Photographer: Daniel Acker/Bloomberg)
A person works on an assignment on a laptop computer. (Photographer: Daniel Acker/Bloomberg)

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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.

Click on the attachment to read the full report:

ICICI Direct L&T Infotech Analyst Meet tUpdate.pdf

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