L&T Infotech Q3 net profit up 10.5% to Rs 248 cr
Revenues rose to Rs 1727.6 crore in the quarter from Rs 1515.9 crore in the December quarter of 2015.
"Our robust growth in this quarter is a result of our investments in digital technologies and strong emphasis on client success. Q3 saw us win three large deals with cumulative net-new TCV in excess of USD 100 million.
"These deals are in the areas of infrastructure operations and transformation, ERP transformation-on-the-cloud and upstream application portfolio management," Sanjay Jalona, Chief Executive Officer and Managing Director, said in a statement.
"We expect this momentum to continue as global companies are looking for client centric and nimble services partners that can deliver outcomes quickly," he added.
L&T Infotech, a subsidiary of USD 16 billion Larsen & Toubro Group, has a presence in 23 countries. The company listed on the Bombay Stock Exchange on July 21.