{"id":124941,"date":"2022-01-20T19:59:42","date_gmt":"2022-01-20T19:59:42","guid":{"rendered":"https:\/\/myfintale.com\/?p=124941"},"modified":"2022-01-20T19:59:42","modified_gmt":"2022-01-20T19:59:42","slug":"customer-spending-across-sectors-regions-remains-robust-ltis-sanjay-jalona","status":"publish","type":"post","link":"https:\/\/myfintale.com\/industries\/customer-spending-across-sectors-regions-remains-robust-ltis-sanjay-jalona\/","title":{"rendered":"Customer spending across sectors, regions remains robust: LTI\u2019s Sanjay Jalona"},"content":{"rendered":"
Customer spending across sectors and regions remains robust and L&T Infotech (LTI) expects this momentum to continue for at least 3-5 years, said company CEO & MD, Sanjay Jalona.<\/p>\n
\u201cCustomer spending across sectors and regions remains robust and we expect this momentum to continue for at least 3-5 years. We are a growth company and we will continue to seize the opportunities emerging from the Great Restructuring,\u201d he told The Hindu<\/em>.<\/p>\n The tech firm had earlier said the `Great Restructuring\u2019, a term it used to indicate the current market opportunities after the Great Depression of 1929 and Great Recession of 2007, came as a new turning point for the tech industry in general.<\/p>\n The IT arm of Larsen & Toubro has on Wednesday reported an 18% year-on-year growth in its net profit to \u20b9612.5 crore for the December ended quarter. The company\u2019s revenue from operations increased 31.2% YoY to \u20b9 4,137 crore during the third quarter.<\/p>\n The company said during Q3FY22 it registered a broad-based growth with Banking & Financial Services growing 38% YoY, Manufacturing 30% YoY, Hi-tech and Media & Entertainment 44% YoY while others growing at 37% YoY.<\/p>\n \u201cWe are pleased to report our best quarterly sequential growth since our listing and we expect this financial year to end with the highest year-on-year growth as a public company,\u201d said Mr. Jalona adding, \u201cWe are confident of delivering leader\u2019s quadrant growth with stable margins in the 14 to 15% band.\u201d<\/p>\n On the deal front, he said, LTI\u2019s key client buckets in the $5 million, $10 million and $20 million ticket size categories, grew over 25% YoY overall with Europe as a region registering 30% growth.<\/p>\n Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" `Momentum to continue for at least 3-5 years\u2019 Customer spending across sectors and regions remains robust and L&T Infotech (LTI) expects this momentum to continue […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":124940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n