PremiumQ2 Earnings Results Live Updates: In addition to L&T Technology Services and Tata Communications several other companies like KPIT Technology, Zen Labs, PolyCab, etc will also announce their Q2 earnings results on Tuesday
After the surprisingly low results of Bajaj Auto and PVR, investors are waiting for the Q2 earnings results of other companies like L&T Technology Services, Tata Communications, ICICI Lombard General Insurance Company, Tata Communications, Zen Labs, PolyCab, KPIT Technology, etc on Tuesday
The company registered a significant rise in its attrition rate by 280 bps measured on last twelve months (LTM) basis. The jump in LTTS attrition rate was even more than other tech firms like HCL Tech, TCS, etc during the same quarter.
L &T Technology Services Ltd (LTTS), a midcap information technology (IT) services provider, showed a good performance in previous quarter. Its revenue in constant currency increased by 4.7% sequentially. The company won seven big deals during that quarter. Those deals had a contract value of more than $10 million, including a $50 million plus deal and four $15 million deals.
Tata Communications net profit reached to ₹359.62 crore in previous quarter of the current financial year. The company reported ₹1,720.36 crore net revenue in Q1.
KPIT Technologies shares are trading 1.22% lower at ₹666.35 on BSE ahead of its Q2 results. Its shares opened at ₹674.55 on Tuesday. They are trading lower for past two days.
Showing a good performance on the day of announcements, Tata Communications Limited shares are trading 1.58% higher at ₹1213.90 on BSE. The company shares opened at ₹1205 on Tuesday
Larsen & Toubro Technology Services Limited shares are trading 2.34% higher at ₹3671.35 ahead of the announcement of its quarterly results. The company shares opened at ₹3610.05 on BSE on Tuesday.
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