L&T Infotech’s second-quarter earnings and margin growth overwhelms trade analysts

Larsen & Toubro Infotech

Good dealings have mirrored positive results for Larsen & Toubro Infotech Limited (LTI) in the 2nd Quarter. In terms of constant currency, the earnings of the firm have swelled by 2.3% sequentially. The rise in the revenue was well par of what the Street had estimated. The stocks of the IT-firm sustained its growth by rising 4.5% in spite of a steep run-up of 77% this year. The overall rise of most IT-service based companies was factored by the banking and finance vertical, as the banking and finance sector saw…

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