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LT Technology Services Limited BSE 540115 NSE LTTS Indias leading pureplay engineering services company announced its results for the first quarter ended June 30 2023.
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], July 18: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the first quarter ended June 30, 2023. Business News | L&T Technology Services Reports 15 Per Cent Growth in Q1FY24.
Sequentially, net profit was down 8.5% while revenue was down 2.9% after segments like consumer electronics and semiconductor engineering business saw some pressure during the quarter.
In continuation of the trends from the March quarter, analysts again expect Tier 2 IT companies to fare better than the Tier 1 players. However, foreseeing improved margins and strong order books, the brokerages have maintained preference for some of the Tier-1 IT majors.
By joining forces with Palo Alto Networks, LTTS will enable end customers to address security risks in their OT environments, providing best-in-class security.