ICICI Securities: L&T Infotech Analyst Meet Takeaways - Data Products Present A Good Optionality
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ICICI Securities Report
Larsen and Toubro Infotech Ltd.’s aspirations for one billion U.S. dollar in cloud revenue in three years implies approximately 78% segmental compound annual growth rate (on base of ~185 million U.S. dollar).
Too ambitious, we do not construe this as formal guidance. Leveraging its reference ability in the data-led services, the company plans to take five products built around data to market.
Offered also on software-as-a-service mode on app stores / marketplaces (e.g. Appsource), these products will complement (than compete) the established likes of Snowflake.
A resounding success for a services provider in product segment has been largely elusive.
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