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L&T Infotech makes a comeback with improved performance, but scalability is key
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Mumbai, Oct. 21 -- After disappointing investors with lower-than-anticipated earnings growth in the last few quarters, Larsen and Toubro Infotech Ltd's second quarter was a welcome relief. The results were in line with market expectations, with no negative surprises and a promise of better margins in the second half of FY20. That perked up the stock up in trade on Friday, with LTI gaining 7%.
Investors are clearly relieved that LTI struck the right note this time, with 2.4% revenue growth quarter-on-quarter in constant-currency terms. Also, it won three large deals in the keenly competitive tech environment, which has been well-received by the markets.
The company seems to have shrugged off some of the past negatives. "Although in trade...
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