Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The country's sixth biggest IT services company by revenues, <keyword id="13843427" type="General" weightage="100" keywordseo="ltimindtree" source="Orion">LTIMindtree</keyword>, reported a decline in September quarter net profit at Rs 1,162 crore. The city-headquartered company had a net profit of Rs 1,189 crore in the year-ago period, and the same stood at Rs 1,152 crore in the preceding June quarter. Its overall revenues grew 8.2% to Rs 8,905 crore for the reporting quarter, from Rs 8,228 crore in the year-ago period and Rs 8,702 crore in the June quarter. However, there was a sharper contraction in the operating profit margin to 16%, as against 17.5% in the year-ago period, which seems to have been the biggest reason for the decline in the overall profits. The company's managing director and chief executive <keyword id="214484" type="General" weightage="20" keywordseo="Debashis-Chatterjee" source="Orion">Debashis Chatterjee</keyword> said the margins were impacted by the wage hikes given out from July 1, and exuded confidence of gains on the same to exit the fiscal year at 17-18%. He said the company is not witnessing any pressures on margins despite the volatile economic environment at present. Deal pipeline is also flowing, and the company reported new wins of USD 1.3 billion for the reporting quarter, he said, adding that discretionary demand is being replaced with long-term engagements focused on cost optimization. The overall employee base increased to 83,532 at the end of September, which was up from 82,738 in June, but down from 86,936 in the year-ago period. Chatterjee said 1,400 freshers joined in the reporting quarter, and the attrition is stable at 15.2%. The company will be training 10,000 of its employees on artificial intelligence in the December quarter, Chatterjee said, adding that it is already engaged in 20 projects which have generative AI components in it. The company scrip closed 1.11% down at Rs 5,156.90 a piece on the BSE, as against a correction of 0.83% on the benchmark.

LTIMindtree Q2 net profit declines as profit margin contracts

Larsen &amp; Toubro Infotech, a global technology consulting and <keyword id="50691" type="COMPANY" weightage="20" keywordseo="Digital">digital</keyword> solutions company has signed a definitive agreement to acquire Cuelogic Technologies, a <keyword id="6022571" type="COMPANY" weightage="20" keywordseo="digital-engineering">Digital Engineering</keyword> and Outsourced Product Development company, headquartered in Pune, <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>. Founded in 2010, Cuelogic has built capabilities in digital engineering, and primarily focuses on developing cloud native web and mobile applications, modernization, and runs Innovation Lab as a service for its clients in the USA and India. Digital Engineering is a significant market opportunity, and this acquisition will provide instant access to a fast-growing business with impressive client roster, and more than 300 employees. Cuelogic works with enterprise clients on multiple facets of digitalization such as UX Consulting, <keyword id="1968247" type="COMPANY" weightage="20" keywordseo="DevOps">DevOps</keyword>, AI Consulting, IoT, Applications Modernization, Cloud Architecture &amp; Integration. With over 100 products successfully developed, Cuelogic helps global enterprises build and grow modern digital businesses. Sanjay Jalona, CEO &amp; Managing Director, <keyword id="2162690" type="COMPANY" weightage="20" keywordseo="LTI">LTI</keyword>, said: "We believe rapid productization is an essential requirement for accelerated digitalization across industries. Our clients are looking for agile solutions to compete effectively in a changing world. Digital engineering capabilities of Cuelogic Technologies combined with their tools and methodologies will help our clients innovate, launch products, accelerate time-to-market, and maintain products optimally. I welcome Cuelogic team, their customers, and partners to LTI family." Nikhil Ambekar, CEO, Cuelogic Technologies, said: "When Vikrant, Neel, and I cofounded Cuelogic, our goal was to bring rapid and reliable product development services to enterprises, and help them scale their digital transformation. Our digital expertise and unique culture have helped us build a solid foundation. As a company obsessed with engineering excellence, we find LTI to be our ideal partner for the next phase of our journey. LTI is the growth leader in the industry, and we are excited to further add strength to its formidable Digital capabilities." Cuelogic will be integrated with the Digital practice of LTI. This is the seventh acquisition by LTI since the company got listed in 2016. Earlier acquisitions have bolstered company's expertise around data &amp; analytics, cloud consulting, intelligent automation, and industry-specific platforms. About LTI LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI's Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of <keyword id="689816" type="COMPANY" weightage="20" keywordseo="Larsen-Toubro-Limited">Larsen &amp; Toubro Limited</keyword>, our unique heritage gives us unparalleled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 35,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees, and shareholders. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a> <a href="https://www.businessinsider.in/stock-market/news/adani-group-under-sebi-scanner-on-market-manipulation/articleshow/83501698.cms">Gautam Adani loses over $7 billion in net worth after questions over the meteoric rise in group stocks</a>

Larsen & Toubro Infotech to buy Pune-based digital engineering firm CueLogic

New Delhi, Jan 15 () IT company L&amp;T Infotech (LTI) on Wednesday reported marginal increase in consolidated net profit to Rs 376.7 crore for the quarter ended December 2019.
 This is against a net profit of Rs 375.5 crore in the same period a year ago, LTI said in a statement.
 Its revenue grew 13.7 per cent to Rs 2,811.1 crore in the reported quarter from Rs 2,472.9 crore in the year-ago period, it added.
 Sequentially, the net profit was up 4.6 per cent, while the topline rose 9.4 per cent.
 "Our outstanding quarter-on-quarter growth of 8.4 per cent in Q3 (third quarter) is a result of on-track ramp-up of large engagements we announced earlier," LTI CEO and Managing Director Sanjay Jalona said.
 He added that the company's "superior and broad-based performance" across verticals and service offerings underscores the resilience of its diversified portfolio.
 "We continue to win large deals across regions and have won two such engagements in Q3 with cumulative net-new TCV (total contract value) of more than USD 75 million," Jalona said.
 Shares of LTI closed at Rs 1,940.25 apiece, up 3.3 per cent from the previous close on the BSE.
 LTI said its digital revenues accounted for 41 per cent of its overall revenues.
 The company's revenue in US dollar terms grew 13.7 per cent year-on-year to USD 394.4 million.
 Its total headcount stood at 31,419 people at the end of the September 2019 quarter, while attrition was at 17.7 per cent. SR HRS

LTI Q3 net profit rises to Rs 376.7 crore

<ul><li><keyword id="19985864" type="General" weightage="20" keywordseo="Realme" source="keywords" meta.keywordsubtype="org" meta.entityname="Realme" meta.hostid="261" meta.entityid="Realme">Realme</keyword> had launched the <keyword id="22255606" type="General" weightage="20" keywordseo="Realme-13-Pro" source="Orion">Realme 13 Pro</keyword> and the Realme 13 Pro+ smartphones in India.</li><li>The <keyword id="22302423" type="General" weightage="20" keywordseo="Realme-13-Pro" source="keywords">Realme 13 Pro</keyword> is priced starting at ₹26,999, while the Realme 13 Pro+ starts at ₹32,999.</li><li>Here’s everything you need to know about the two smartphones from Realme.</li></ul>Realme today launched two new mid-range smartphones in its Realme 13 series, dubbed the Realme 13 Pro and the Realme 13 Pro+. The company also launched the Realme Watch S2 and the Realme Buds T310 at the event. The Realme 13 Pro and Realme 13 Pro+ smartphones are camera-centric devices and the company has also focused on the design of the device this time around. <h2>Realme 13 Pro and Realme 13 Pro+ price in India</h2>The Realme 13 Pro is priced at ₹26,999 for the 8GB RAM + 128GB storage variant, ₹28,999 for the 8GB RAM + 256GB storage variant and ₹31,999 for the 12GB RAM + 512GB storage variant. It comes in three colour options – Monet Gold, Monet Purple and Emerald Green. <div type="Article" hostid="261" msid="112100195" title="iPhone price cut – Apple announces price cut after reduction in customs duty" mstype="2" mssubtype="0"></div> The Realme 13 Pro+ is priced at ₹32,999 for the 8GB RAM + 256B storage variant, ₹34,999 for the 12GB RAM + 256GB storage variant and ₹36,999 for the 12GB RAM + 512GB storage variant. The device comes in Monet Gold and Emerald Green colour options. Both smartphones will go on sale from August 6 from Flipkart, Realme Online Store and authorised retail stores across the country. <h2>Realme 13 Pro and Realme 13 Pro+ specifications</h2>The Realme 13 Pro and Realme 13 Pro+ run on Android 14 with Realme UI 5.0 out of the box. The devices will get two years of Android updates and three years of security updates. Both smartphones feature a 6.7-inch Full HD+ curved AMOLED display with a 120Hz refresh rate. The Realme 13 Pro and Realme Pro+ are powered by the same Snapdragon 7s Gen 2 chipset. <div type="image" title="Realme 13 Pro+" msid="112132119" hostid="261" sizebytes="52322" caption="&amp;lt;p&amp;gt;Realme 13 Pro+&amp;lt;/p&amp;gt;"></div> The Realme 13 Pro is available in three storage variants – 8GB RAM + 128GB internal storage, 8GB RAM + 256GB internal storage and 12GB RAM + 512GB internal storage. On the other hand, the Realme 13 Pro+ offers – 8GB RAM + 256GB internal storage, 12GB RAM + 256GB internal storage and 12GB RAM + 512GB internal storage. Coming to the camera department, the Realme 13 Pro features a dual camera setup consisting of a 50MP primary camera with Sony LTY-600, OIS and an 8MP ultra-wide-angle camera. On the front, the device features a 32MP selfie camera. The Realme 13 Pro+ on the other hand features a triple camera setup at the back consisting of a 50MP Sony LYT-701 sensor and OIS, an 8MP ultra-wide-angle camera and a 50MP Sony LTY-600 periscope telephoto lens. On the front, the device features a 32MP selfie camera. Both smartphones are powered by a 5,200mAh battery. While the Realme 13 Pro offers 45W charging, the Realme 13 Pro+ offers 80W charging. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/apple-to-manufacture-iphone-16-pro-models-in-india-soon-after-launch/articleshow/112045172.cms">Apple to manufacture iPhone 16 Pro models in India soon after launch</a> <a href="https://www.businessinsider.in/tech/mobile/news/pixel-9-series-design-and-specs-revealed-ahead-of-launch-next-month/articleshow/112039063.cms">Pixel 9 series design and specs revealed ahead of launch next month</a> <a href="https://www.businessinsider.in/tech/mobile/news/honor-200-and-honor-200-pro-launched-in-india-starting-at-34999/articleshow/111830855.cms">Honor 200 and Honor 200 Pro launched in India starting at ₹34,999</a>

You Searched For "LTI" and got 4 results

LTIMindtree Q2 net profit declines as profit margin contracts

PTI

Larsen & Toubro Infotech to buy Pune-based digital engineering firm CueLogic

PTI

LTI Q3 net profit rises to Rs 376.7 crore

PTI

Realme 13 Pro and Realme 13 Pro+ launched in India starting at ₹26,999

Sourabh Jain

Popular Keywords

Buying Guides