WHETTING THE EXPLOSIVE DIGITAL TRANSFORMATION APPETITE, TRIGGERED BY THE PANDEMIC

Mindtree and L&T Infotech merged after this survey to become LTI Mindtree. This entity should easily be among the Top 5 IT in the next survey

It's a global technology consulting and digital solutions company, and Larsen & Toubro Infotech is marching well on capturing the explosive digital transformation appetite, triggered by the pandemic, all across the world.

In its full year FY22 results revenue reached $2,102.5 million registering a growth of 25.9 per cent YoY (this was revenue in terms of INR 156,687 million)

The company seemed happy to cross the $2 billion revenue milestone pointed out as its strongest since listing. The growth was attributed to a broad-based momentum across verticals, service lines, client buckets and geographies. The year was also counted as one with the highest new client openings and net headcount additions.

In its results for Q2 FY23, revenue stood at $601.0 million; marking a growth of 3.6 per cent QoQ and 18.1 per cent YoY. In terms of Indian rupees, revenue was at INR 48,367 million; showing a growth of 6.9 per cent QoQ and 28.4 per cent YoY. In its Q1 FY23 results we saw that revenue touched $580.2 million - this, in terms of Indian Rupees, was a revenue of INR 45,228 million.