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    LTI   INE214T01019

LARSEN & TOUBRO INFOTECH LIMITED

(LTI)
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Larsen & Toubro Infotech : LTI Wins PTC Partner Network Award for Transformation in Manufacturing Operations

07/29/2021 | 10:01am EDT

MUMBAI, India, July 29, 2021 /CNW/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company, has been named Winner of the PTC (NASDAQ: PTC) Partner Network Awards in the category of Transformation in Manufacturing Operations. LTI also emerged as a finalist in two additional categories of Most Impact in Digital Transformation at Scale and Trailblazer/Innovation Project.

LTI Logo

These awards recognize the contribution of outstanding partners in helping PTC customers achieve their digital transformation objectives. LTI has served many enterprises by providing guidance from their experience and success with other digital transformations in the marketplace. LTI's expertise with architecture, product selection, solution design, and deployment helped lay the foundational elements needed to deliver transformation at scale.

Sanjay Jalona, CEO & Managing Director, LTI, said, "At LTI, we are investing in designing and deploying comprehensive approach to Industry 4.0 solutions to bridge the gap between physical and digital world. We are honored to receive this recognition from PTC which further strengthens our resolve to co-create transformation in the Industry 4.0 domain."

Cherie Gartner, SVP of GTM Strategy and Global Head of Strategic Alliances, PTC, said, "It's an honor to congratulate LTI as the winner for PTC Partner Network Award for Transformation in Manufacturing Operations. LTI has already delivered three key IoT use cases aligned with the PTC product roadmap that are able to scale value quickly across the enterprise and create a solid foundation for transformation. We are confident that LTI will continue to deliver truly transformational value for customers. On behalf of PTC, I extend my sincere thanks and congratulations."

The PTC Partner Network enables technology providers, solution providers and system integrators to innovate with leading technologies, collaborate with partners and customers, and capitalize on the IoT market opportunity. LTI's recognitions were in the qualitative award categories, which were judged by ARC Advisory Group, an independent industry analyst firm. Additional awards program information is available here.

LTI and PTC have incubated a Center of Excellence in Bengaluru which serves as an incubation lab to deliver breakthrough innovations to mutual clients.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 435 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI's Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unparalleled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 36,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees, and shareholders. Follow us at @LTI_Global

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About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.

PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.

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View original content:https://www.prnewswire.com/news-releases/lti-wins-ptc-partner-network-award-for-transformation-in-manufacturing-operations-301343977.html

SOURCE LTI

© Canada Newswire, source Canada Newswire English

Stocks mentioned in the article
ChangeLast1st jan.
LARSEN & TOUBRO INFOTECH LIMITED 3.22% 6231.35 Delayed Quote.70.28%
LARSEN & TOUBRO LIMITED -0.11% 1768.1 End-of-day quote.37.32%
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Financials
Sales 2022 148 B 2 010 M 2 010 M
Net income 2022 21 948 M 297 M 297 M
Net cash 2022 25 219 M 342 M 342 M
P/E ratio 2022 49,8x
Yield 2022 0,77%
Capitalization 1 092 B 14 789 M 14 789 M
EV / Sales 2022 7,19x
EV / Sales 2023 6,07x
Nbr of Employees 38 298
Free-Float 25,4%
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Last Close Price 6 231,35 INR
Average target price 4 673,65 INR
Spread / Average Target -25,0%
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Managers and Directors
Sanjay Jalona Chief Executive Officer, MD & Director
Anil Rander Chief Financial Officer
Anil Kumar Manibhai Naik Non-Executive Chairman
Nachiket Deshpande Chief Operating Officer & Director
Manoj Koul Secretary & Compliance Officer
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