LTTS’ new software & platforms sub-segment to help entry in service-led sectors

IT services firm L&T Technology Services’ new sub-segment called Software & Platforms is expected to strengthen its foothold in hyperscalers. It will also allow LTTS enter service-led sectors like retail, fintech, and healthcare especially with the completion of Intelliswift acquisition, said Amit Chadha, CEO & Managing Director at the sidelines of its third quarter financial results announcement.

“This strategic move enhances our AI, digital and software product engineering capabilities, increasing our ability to deliver greater value to clients through a unified offering,” he added.

The company reported a revenue of ₹26,530 million, registering a growth of 3.1% quarter on quarter (QoQ) and 9.5% on an yearly basis. This growth was led by Tech and Sustainability segments where the demand outlook has been steadily improving. “In Tech, we grew by 11% sequentially driven by ramp ups in Medtech, Hyperscalers and Communication providers where we leveraged our SWC capabilities,” the spokesperson said. The net profit stood at ₹3,224 million, up by 0.9% QoQ.

LTTS recorded eight large deal wins across segments — one $50 million, two $35 million, two $25 million, and three $10 million deals. The large deal pipeline continues to be robust aided by ongoing engagements with customers on both new age product and platform development and business transformation.

This quarter, LTTS has launched an AI-driven Experience Zone at its Bengaluru design hub to support clients in the Mobility and Technology sectors using the Nvidia AI platform. The Experience Zone offers live demonstrations, interactive displays, and expert consultations to address complex challenges. For example, in healthcare, LTTS' Software Defined Architectures, powered by Nvidia Holoscan, aim to enhance AI-driven diagnostics and real-time data analysis, improving efficiency and access. The telecommunications sector will benefit from generative artificial intelligence (AI) and Nvidia solutions to boost connectivity and 5G integration.