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[hfe_template id='11223'] [ad_1] Shares of L&T Technology Services (LTTS) jumped 4.5% to a high of Rs 5,338.65 on the BSE after the company announced that it has acquired California-based Intelliswift Software along with its Indian arm for $110 million on Monday. The acquisition is meant to enhance LTTS' AI and software capabilities in the digital engineering suite for global clients, through enhanced software product development, data and platform engineering capabilities. The addition of Intelliswift’s AI-led automation framework and digital enterprise will boost the process. To top it all the company will also offer integration services through agile engineering and next-generation technologies. “We wish to inform you that the Company and its wholly -owned subsidiary, L&T Technology Services LLC, have signed transaction documents/ definitive agreements today (i.e., 11 November, 2024) with the relevant parties for acquisition of 100% shares of: (i) Intellis...

[hfe_template id='11223'] [ad_1] Shares of L&T Technology Services fell 9.5% to the day’s low of Rs 4,689.50 on BSE in Friday's trade after the company yesterday reported an 8% year-on-year (YoY) growth in net profit at Rs 1,304 crore while the standalone revenue stood at Rs 9,647 crore, up by 9% for the March-ended quarter. The company’s EBIT margin stood at 17.1% for the quarter ended March and the board has recommended a final dividend of Rs 33 per share. During the quarter, LTTS signed one USD 100 million, one USD 30 million and two deals each of USD 20 million and USD 10 million. Additionally, they signed one significant empanelment agreement. LTTS also announced that it will streamline and simplify its organizational structure into 3 main segments to drive future growth, scalability and technology innovation. The company will consolidate its existing five segments into three: Mobility, Sustainability, and Hi-Tech, as part of the company's ‘Go Deeper to ...