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L&T Infotech says FY19 to be better than FY18 for IT industry

videos | Aug 24, 2018 8:44 AM IST

L&T Infotech says FY19 to be better than FY18 for IT industry

IT major L&T Infotech (LTI) is expecting FY19 to be better than FY18 for the company and IT industry, Sanjay Jalona, CEO.

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“From LTI’s perspective, we will see continued growth," Jalona said. "In FY17, we had around 10 percent growth, FY18 was around 17 percent growth and we still have a few quarters to go but we are very confident that the growth will continue.”
According to Jalona, there is a lot of positivity in the industry in all verticals. "The companies are performing a lot better, profitable growth is happening so they are definitely finding newer ways to connect with the customer, keep the regulatory pressures on, spend a lot of money on analytics and so on," he said.
The company will focus on acquiring other smaller companies, Jalona added.
"We want to invest it all back into the business and grow faster, he said. "Our whole target has been keeping the margin where they are, we are a growth company, people should look at it as a growth company, we want to push everything onto growth whether it is acquisition, whether it is building capabilities, all that hiring right sets of people, that is more important to me.”
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