L&T Technology Services’ US dollar revenue was at $151 million for the December 2017 quarter, up 25.6% year-on-year. Photo: MintNew Delhi: Tech firm L&T Technology Services (LTTS) on Tuesday reported 16.1% increase in its consolidated net profit to Rs126.3 crore for the December 2017 quarter. Revenue was up 19.6% to Rs969.1 crore in the reported quarter from Rs810.4 crore in the same quarter last fiscal. We are engaging with clients in areas like artificial intelligence for manufacturing, IIoT, next generation platform development and autonomous driving,” L&T Technology Services CEO and MD Keshab Panda said. LTTS reported 58.7% business from North America, 17.2% from European market, 11.5% from India and 12.6% from rest of the world.

Source: Mint January 23, 2018 12:33 UTC