L&T Technology Services, an engineering services company, reported revenue of $195.4 million (+3.4 percent) for the fourth quarter ended March 31, 2020 and $786 million (+9.3 percent) in fiscal 2019-20.
During the quarter, LTTS won 9 multi-million dollar deals across all major industry segments which includes one deal with TCV of $30 million plus. L&T Technology Services has increased its $20 million+ clients by 3 and its $10 million+ clients by 5.
“We closed FY20 with 11 percent revenue growth accompanied by an improvement in operating margin despite multiple headwinds through the year – starting with Telecom & Hitech segment in Q1FY20 and ending with Covid-19 in Q4FY20,” said Keshab Panda, CEO and managing director of L&T Technology Services.
L&T Technology Services added 96 employees during the March quarter of 2020. The employee base of L&T Technology Services reached 16,883. At the end of Q3, LTTS’ employee strength stood at 16,787.