IT Consulting & Software company L&T; Technology Services announced Q1FY24 results: Reaffirms USD 1.5 billion revenue run-rate in FY25 Revenue at Rs 23,014 million; growth of 15% YoY USD Revenue at USD 280 million; growth of 10% YoY in constant currency EBIT margin at 17.2% Net profit at Rs 3,111 million; growth of 13% YoY During the quarter, LTTS won a USD 50 million plus deal, and additionally five deals with TCV of more than USD 10 million each At the end of Q1FY24, LTTS’ employee strength stood at 23,392 “We had a quarter of strong deal wins across all five segments, the highlight being a USD 50 million plus deal in Telecom and Hitech. Our customers continue to spend on transformational technologies and seek ER&D; partners who can deliver innovation, speed-to-market and cost synergies. With the addition of Smart World and Communication, we are now better positioned to play in the Next generation communications space. The early wins and critical partnerships with telecom service providers, equipment manufacturers and cyber security providers will create a robust foundation for our future growth. Our investments into emerging technology areas like AI, Software Defined Vehicle (SDV) and cybersecurity continue to help us engage with customers on ways to prioritize strategic spends and increase market agility” said Amit Chadha, CEO & Managing Director, L&T; Technology Services. Result PDF