L&T Technology Services (LTTS), an engineering companies agency posted a net revenue of ₹315 crore for the second quarter of FY24, a 5% progress over the corresponding quarter a yr in the past. It recorded income of ₹2,387 crore, up 5% Y-o-Y.
During the quarter, LTTS gained a seven offers price greater than $10 million throughout all business segments together with six of them valued at $15 million every.
“We had a powerful efficiency with income rising by 3.2% sequentially in fixed forex and working margin sustaining at 17% plus ranges at the same time as we absorbed wage hikes for our workers. Deal momentum was sturdy,’‘ mentioned Amit Chadha, CEO and Managing Director in his commentary on Tuesday.
Going ahead, LTTS would invest in software defined automobiles, synthetic intelligence and cybersecurity and would have shut to 2,000 workers educated in these experience over the subsequent few quarters, he added.
