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L&T Technology Services Develops an AI Based Solution on Intel Xeon Scalable Processors and IntelMovidius VPUs

Posted on 365 L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global engineering services company, announced today that it worked with Intel Corporation to develop an outdoor smart parking solution. The solution is powered by the Intel distribution of the OpenVINO Toolkit to run AI inferencing models on Intel Xeon scalable processors and Intel Movidius VPUs. With edge AI capabilities, the solution aims to redefine the outdoor smart parking experience in public areas across the globe. Designed for a cloud-enabled world, the solution has four key components: an operator portal that hosts user information; a mobile application for end-user interface; a digital signage module to ensure safe and secured access; and a digital camera – all connected by the AWS cloud platform. This architecture helps end users easily locate available parking spaces in outdoor parking lots.

L&T Technology Services reports a resilient Q4FY21 to close FY21 with strong execution

L&T Technology Services reports a resilient Q4FY21 to close FY21 with strong execution Monday, May 3, 2021 7:33PM IST (2:03PM GMT)   Q4 Net profit of Rs 195 crore, up 5% QoQ L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter and full year ended March 31, 2021.   USD Revenue at $197.5 million; growth of 3.9% QoQ EBIT margin at 16.6%; up 140 bps QoQ Net profit at Highlights for FY21 include: USD Revenue at $737 million; decline of 6.3% EBIT margin at 14.5% Board has recommended a final dividend of Rs 14.50 per share During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and leading-edge technologies stood at 52% during the quarter.

Amit Chadha takes over as CEO & MD of L&T Technology Services

Amit Chadha takes over as CEO & MD of L&T Technology Services ANI | Updated: Apr 05, 2021 17:39 IST Mumbai (Maharashtra) [India], April 5 (ANI): Engineering services major L&T Technology Services (LTTS) said that Amit Chadha has taken over as the new CEO and Managing Director. Prior to his elevation, Chadha was serving the company as deputy CEO and whole-time board member. He joined LTTS in 2009 and has been a core member of the company executive management team. Amit is currently based in Washington DC and his overall career spans over two decades in core engineering and information technology outsourcing. He has managed P&L for multiple business units, spearheaded organisation wide strategic initiatives and led business development and relationship management activities worldwide.

Amit Chadha Takes Charge as CEO & MD of L&T Technology Services

Amit Chadha Takes Charge as CEO & MD of L&T Technology Services Thursday, April 1, 2021 8:50PM IST (3:20PM GMT) Amit Chadha, CEO & Managing Director of L&T Technology Services   Bengaluru, Karnataka, India:  L&T Technology Services Limited (BSE: 540115; NSE:LTTS), a global leading pure-play engineering services company, today announced the appointment of Amit Chadha as CEO & Managing Director effective April 1, 2021 in line with previous disclosures made to stock exchanges dated October 19, 2020. Prior to his elevation, Amit was serving the company as Deputy CEO & Whole-Time Board Member.      Amit joined LTTS in 2009 and has been a core member of LTTS’ executive management team, actively involved in the company’s listing on stock exchanges in 2016. Subsequently, he progressed to assume charge as President, Sales and Business Development, where he was responsible for helping global R&D customers and Fortune

L&T Technology Services Annual Open Innovation Initiative TECHgium® Concludes with Record-Breaking Participation of Engineering Students

L&T Technology Services Annual Open Innovation Initiative TECHgium® Concludes with Record-Breaking Participation of Engineering Students
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