<p>IT company L&T Infotech (LTI) on Tuesday reported a 26.7 per cent increase in consolidated net profit to Rs 456.8 crore for the quarter ended September 2020.</p>.<p>This is against a net profit of Rs 360.4 crore in the same period a year ago, LTI said in a statement.</p>.<p>Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period.</p>.<p>Sequentially, the net profit was up 9.7 per cent, while the topline rose 1.7 per cent. In constant currency terms, revenue increased 2.3 per cent quarter-on-quarter and 10.5 per cent year-on-year.</p>.<p>"We are pleased to report 11.2 per cent y-o-y growth in revenues and 26.7 per cent y-o-y growth in net profit in Q2. We are also happy to announce a large deal with net new TCV (total contract value) in excess of USD 40 million in analytics," LTI Chief Executive Officer and Managing Director Sanjay Jalona said.</p>.<p>The company's large deal pipeline remains strong and it sees increased traction in digital, cloud and analytics space, he added.</p>.<p>"The pandemic has made it apparent that organisations need to reimagine their target operating models embracing digital transformations to remain relevant in the marketplace," Jalona said.</p>.<p>This presents tremendous opportunities for companies like LTI with comprehensive digital transformation capabilities, he added.</p>.<p>Shares of LTI closed at Rs 2,964.65 apiece, down 1.7 per cent from the previous close on the BSE.</p>.<p>LTI said its digital revenues accounted for 42.9 per cent of its overall revenues.</p>.<p>The company's revenue in US dollar terms grew 11.2 per cent year-on-year to USD 404.5 million.</p>.<p>Its total headcount stood at 32,455 people at the end of the September 2020 quarter, while attrition was at 13.5 per cent.</p>.<p>The board of directors has declared an interim dividend of Rs 15 per equity share. T</p>.<p>The board also approved a scheme of arrangement for merger of Syncordis Software Services India and Ruletronics Systems with the company.</p>.<p>Syncordis India and Ruletronics India are wholly-owned subsidiaries of LTI.</p>
<p>IT company L&T Infotech (LTI) on Tuesday reported a 26.7 per cent increase in consolidated net profit to Rs 456.8 crore for the quarter ended September 2020.</p>.<p>This is against a net profit of Rs 360.4 crore in the same period a year ago, LTI said in a statement.</p>.<p>Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period.</p>.<p>Sequentially, the net profit was up 9.7 per cent, while the topline rose 1.7 per cent. In constant currency terms, revenue increased 2.3 per cent quarter-on-quarter and 10.5 per cent year-on-year.</p>.<p>"We are pleased to report 11.2 per cent y-o-y growth in revenues and 26.7 per cent y-o-y growth in net profit in Q2. We are also happy to announce a large deal with net new TCV (total contract value) in excess of USD 40 million in analytics," LTI Chief Executive Officer and Managing Director Sanjay Jalona said.</p>.<p>The company's large deal pipeline remains strong and it sees increased traction in digital, cloud and analytics space, he added.</p>.<p>"The pandemic has made it apparent that organisations need to reimagine their target operating models embracing digital transformations to remain relevant in the marketplace," Jalona said.</p>.<p>This presents tremendous opportunities for companies like LTI with comprehensive digital transformation capabilities, he added.</p>.<p>Shares of LTI closed at Rs 2,964.65 apiece, down 1.7 per cent from the previous close on the BSE.</p>.<p>LTI said its digital revenues accounted for 42.9 per cent of its overall revenues.</p>.<p>The company's revenue in US dollar terms grew 11.2 per cent year-on-year to USD 404.5 million.</p>.<p>Its total headcount stood at 32,455 people at the end of the September 2020 quarter, while attrition was at 13.5 per cent.</p>.<p>The board of directors has declared an interim dividend of Rs 15 per equity share. T</p>.<p>The board also approved a scheme of arrangement for merger of Syncordis Software Services India and Ruletronics Systems with the company.</p>.<p>Syncordis India and Ruletronics India are wholly-owned subsidiaries of LTI.</p>