ECONOMY

L&T Technology Services – Strong Outlook; Expensive Valuations: Axis Securities

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L&T Technology Services Ltd., on its investors day, stated that the company has accelerated demand and will reach the $1 billion revenue mark in the near term and $1.5 billion by FY25.

The management also foresees robust demand due to the Covid-19 and consequent global lockdowns.

Automation spendings are likely to accelerate going ahead on account of newer technologies such as software driven cars, digital revolutions, and cloudification.

The management has maintained its revenue guidance to 15%-17% for FY22.

L&T Technology’s deal pipeline continues to be strong as compared to previous quarters and it signed six large deals with $10 million plus which includes two $25 million plus deals in Q1 FY22.

Click on the attachment to read the full report:

Axis Securities L&T Technology Event Update.pdf

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