Thursday, October 17, 2019

LTI Constant Currency Revenue Growth Up 11.9% YoY; Digital Revenues at 40%


Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q2 FY20 results today.

In US Dollars:

* Revenue at USD 363.8 million; growth of 2.0% QoQ and 10.8% YoY
* Constant Currency Revenue growth of 2.4% QoQ and 11.9% YoY

In Indian Rupees:

Revenue at Rs 25,707 million; growth of 3.4%  QoQ and 10.3% YoY
Net Income at Rs 3,604 million; growth of 1.3% QoQ and (10.0%) YoY

“In Q2, we delivered a steady 11.9% YoY growth in constant currency driven by on-track ramp up of large deal wins that we announced earlier. We won three large deals in this quarter, all of them from new clients, aggregating to net-new TCV of ~US$100 million. A healthy pipeline, continued large deal momentum and fast-growing Digital services across all verticals make us optimistic about the future.

We are delighted to announce the acquisition of Powerup, a born-in-Cloud company that has completed 150+ engagements in Cloud. Powerup has deep expertise in building Cloud and AI solutions and is a premier consulting partner of AWS. “

- Sanjay Jalona, Chief Executive Officer & Managing Director, LTI

Recent Deal Wins

* A US based utility company, a new logo has selected LTI for multi-year, multi-million dollar deal to provide Cloud and Infrastructure Managed services
* Won multi-year, multi-million dollar managed services engagement with a European financial institution, a new logo
* Leading power generation company chose LTI as its partner for a green field and organization wide implementation of SAP S/4 HANA
* Awarded application management and transformation deal from a global leader in manufacturing space
* Global engineering giant chose LTI for AMS engagement
* A major Development Authority in the Middle East selected LTI for implementing next generation digital platform to manage its mega capital expenditure programs efficiently
* Leading manufacturing conglomerate awarded SAP S/4 HANA implementation to LTI for its co-innovative engineering, construction and operations (EC&O) solution developed along with SAP
* Global technology distributor chose LTI as its transformation partner to launch a new line of business
* A US based services firm engaged LTI to migrate its HR and workforce ERP applications to SaaS

Client Testimonial

“Convo has chosen LTI to be a critical growth partner because of their deep and wide technical knowledge and commitment to innovation. We see the partnership as critical to our short and long-term success in transforming the VRS industry. From deployment automation to integrated AI, LTI is embedded into all our daily workflows. With every solution, LTI continues to exceed our expectations.”

John Steinmetz, Chief Technology Officer, Convo Communications, LLC.

Awards and Recognitions

* LTI listed as one of The Breakthrough 15 Technology Provider Standouts in Americas, EMEA and Globally on the 3Q19 Global ISG Index
* LTI's case study mentioned by Forrester as one of the meaningful IoT+Blockchain based Supply Chain use cases in their report titled: "IoT And Blockchain: A Powerful Pairing That Doesn't Yet Live Up to Its Promise"
* LTI ranked as a Major Contender and Star Performer in Everest Group Life Sciences Digital Services Peak Matrix™ Assessment 2019
* LTI recognized in the Constellation Research ShortList as a top vendor for Innovation Services and Engineering in Q3 2019
* LTI ranked as a Major Contender in Everest Group Data & Analytics Services PEAK Matrix™ Assessment 2019
* LTI named in Honorable Mentions in the Gartner, Magic Quadrant for SAP S/4HANA Application Services, Worldwide, 2019

*Gartner, Magic Quadrant for SAP S/4HANA Application Services, Worldwide, 2019, Fabio Di Capua et al., 20 May 2019

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Other Business Highlights

* LTI signed a definitive agreement to acquire Powerup Cloud, a Bangalore based AWS Premier Consulting partner with capabilities in Cloud Consulting, Data Lake implementation and Cloud Native Application development. The company has two AI-powered cloud platforms - CloudEnsure.io, an Autonomous Cloud Governance Platform to help with continuous audit of cloud setup, and Botzer.io, an Enterprise AI Platform that builds chatbots for customer support, employee engagement and knowledge management.
* The Board of Directors at its meeting held on October 17th, 2019 have declared an interim dividend of Rs. 12.5 per equity share (Face Value of Re.1)
* LTI is now a ‘Premier’ partner of ServiceNow

LTI has been felicitated with the ZEE Business National CSR Leadership Award 2019 for Innovations in CSR practices

* LTI released its 3rd Sustainability Report with the theme ‘Solving for Good’. We have drawn inspiration from the United Nations’ Sustainable Development Goals and the report lays down specific objectives and commitments that we have set for ourselves in our Sustainability Roadmap 2030.

ASUS Unveils the ‘Laptop of Tomorrow’ with ZenBook Pro Duo & Zenbook Duo

Highlights

* Zenbook Pro Duo (UX581) and Zenbook Duo (UX481) are part of brand’s stunning line up of dual-screen laptops
* Further ramps up Zenbook offering with Intel 10th Gen Processor in UX334 & UX434 & UX534, world’s most compact laptop series powered by ScreenPadTM 2.0
* Also announces VivoBook S14 (S431) without a ScreenPadTMand S15(S532), with ScreenPadTM 2.0 respectively
* Introduces ZenBook Edition 30 (UX334), featuring future-classic look with finest leather craft

ASUS has finally announced one of its most anticipated laptop ranges, ZenBook Pro Duo (UX581) and ZenBook Duo (UX481). Revealing the future of computing, both the laptops have stunning new designs, adding a secondary touchscreen atop the keyboard. Crafted with perfection for India’s growing tribe of digital nomads, creative mavericks, content creators, editors, passionate gamers, and multitasking professionals, the latest ZenBook series from the house of ASUS allows users to unlock productivity and strive to achieve greater efficiencies.

In addition to the dual-screen laptop offerings, ASUS will also be bringing forth other stellar launches. This includes the launch of the new ScreenPad 2.0, on ZenBook 13/14/15(UX334/ UX434/ UX534), taking the brand’s legacy forward as the world's most compact laptops series. With ZenBook completing 30 years, ASUS is also launching Zenbook Edition 30 Special (UX334), featuring ASUS’ finest leather craftsmanship. Adding to the volley of new launches by the brand is the VivoBook S Series, S14 (S431) and S15 (S532), the trendy and sleek laptops, perfect for the young and on-the-go audience.

Commenting on the launch, Arnold Su, Head of Consumer Notebooks and ROG Business, ASUS India, said, “The need for the industry to evolve with the changing times necessitates innovation. As one amongst the industry incumbents, we realised it was both an opportunity and responsibility for us to push the envelope, disrupt the status quo, and come up with a magnificent offering that would not only enable greater productivity but also will ignite the sparks of creativity and empowerment. With the launch of dual-screen laptops, we are paving the way for the industry’s future. The latest offerings by the brand is going to empower India’s creative individuals- content creators, editors, in addition to passionate gamers and corporate clan, to de-clutter from myriad screens and unlock efficiencies through a singular, integrated offering. In addition to the futuristic dual-screen offering, we are also proud to ramp up our existing line-up of ZenBook and VivoBook product range, and look forward to an affirmative response from our users.”

The Laptop of Tomorrow: ZenBook Pro Duo &ZenBook Duo

It has never been this easy to harness one’s complete creative power, with ZenBook Pro Duo and ZenBook Duo introducing a new form factor for laptops. Equipped with both a keyboard and a secondary touchscreen for input, the laptops elevate creativity and productivity to the next level. Offering an edge in workflow efficiency, ZenBook Pro Duo features a full-width 4K ASUSScreenPad Plus that works seamlessly with the main 4K UHD OLED display, while Zenbook Duo features a full-length 1920p ASUSScreenPad Plus that works seamlessly with the main 1080p FHD LCD display.

Dual-screen powered by ScreenPadTMPlus

Optimise and personalise the workflow with ASUSScreenPad Plus; in ZenBook Pro Duo, it takes form of a full-width 4K secondary touchscreen that works seamlessly with the main 15.6-inch 4K UHD OLED HDR touchscreen. ZenBook Duo comes with a full-length 1920p that works seamlessly with the main 1080p FHD LCD display.

A series of handy built-in apps help boost your productivity. Quick Key allows one-tap automation of complex keyboard sequences, and Handwriting lets you input text intuitively. There are also useful quick controls such as App Switcher, ViewMax and Task Swap for intuitive interactions between the main display and ScreenPad™ Plus. Task Group lets you lock into work mode by opening multiple tasks with a single touch. And now you can drag any Windows app or in-app toolbar onto ScreenPad Plus to give you more room to work on the main display, wherever you are.

Stunning display

ZenBook Pro Duo offers a truly amazing 4K UHD NanoEdge OLED HDR display. It is well complimented by a four-sided frameless design featuring ultra-slim bezels. The brilliant OLED touchscreen delivers ultra-vivid colors and deep blacks, with a cinema-grade 100% DCI-P3 color gamut and 100,000:1 contrast ratio. The barely-there bezels increase the screen-to-body ratio to a near-borderless 89%, thus offering more screen and less distraction.

ZenBook Duo is equipped with 1080p FHD NanoEdge display, with a four-sided frameless design featuring 90% screen to body ratio. The brilliant main LCD display comes colour calibrated form the factory and offers 100% sRGB with Pantone Validation, adding to ZenBook Duo’s pro-user capabilities.

Unrivalled Performance

The stellar dual-screen comes with ASUS’ uncompromising focus on delivering a strong performance. ZenBook Pro Duo is powered by up to a 9th Generation Intel Core i9 eight-core processor, the latest gaming-grade NVIDIA® GeForce RTX 2060 graphics and blisteringly fast storage. This ultra-powerful combination ensures that ZenBook Pro Duo takes professional-quality tasks in its stride, such as multi-layer photo or video editing, 3D graphics rendering or even game live-streaming.ZenBook Duo is powered by the up to latest 10th Generation Intel Core i7 10510U, the latest NVIDIA GeForce MX250 graphics and extremely fast storage.

Fastest connectivity

ZenBook Pro Duo offers dongle-free connectivity with the latest Thunderbolt 3 USB-C port. The latest Intel Wi-Fi 6 with Gig+ (802.11ax) takes wireless speeds to the next level.ZenBook Duo comes with no compromise on connectivity, with 2xUSB 3.1 Gen 2 USB-C™ ports – supporting 4K display and up to 10Gbps of DATA transfer speed. The latest Intel Wi-Fi 6 with Gig+ (802.11ax) takes wireless speeds to the next level.

Accessories

The Zenbook Pro Duo(UX581) is bundled with a stylus, laptop stand for better viewing and a palm rest, given the size. The Zenbook Duo (UX481) is accompanied with a stylus, laptop stand for better viewing and a sleeve.

Orion Mall Set to Unleash Your Weekend with Geistoberfest


Orion Mall is turning up the dial of fun all the way this weekend with GeistoberFest. Urban crowd across Bangalore can expect two exciting days full of beer, music and food. The event is shaping up to be a haven for beer lovers with 6 varieties of Geist craft beer including wheat beers, lagers, IPAs and more. Adding to the festivity, there is live music, courtesy of Lagori and a variety of lip-smacking delicacies. GeistoberFest is set to take place on October 18 and 19 at Orion Mall at Brigade Gateway.

“In Bangalore, Orion Mall holds a unique distinction as a convergence point for entertainment and leisure.  GeistoberFest is our way of expanding on that premise in the most inviting manner. The idea is to capture the essence of what makes an enjoyable weekend. We think a mix of quality International craft beer, energetic live music and delicious food qualifies exceedingly. So those factors essentially make GeistoberFest immensely appealing in the eyes of the average Bangalorean. To put it simply, if you’re looking to have a great time with friends and family, GeistoberFest is where you need to be. “opines says Vijay Kumar Bhatia, Sr. General Manager - Orion Malls. 

Microland Appoints Anupam Pandey as Chief Information Officer


Microland, India’s leading digital IT transformation company, announced the appointment of Anupam Pandey as Chief Information Officer (CIO). Anupam’s core responsibilities at Microland include the design, architecture and deployment of emerging technologies that deliver best-in-class operations and accelerate digital dexterity across client organizations.

“As CIO, Anupam will lead our global information technology strategy that powers our endeavor in ‘Making digital happen’. With his global experience across consulting and professional services organizations and his prolific experience in human capital management and applied technology, Anupam is well positioned to leverage digital to meet client needs,” said Pradeep Kar, Founder, Chairman and Managing Director, Microland Limited.

Anupam comes with 29 years of experience in the industry and is a seasoned IT and RPA evangelist who holds two patents in automation. He joins Microland from the world's second largest professional services firm where he was their India CIO, responsible for managing IT infrastructure and applications. Prior to this he was with Accenture for 14 years where he served as the Managing Director, Partner and CIO Lead, orchestrating the transformation of global support for the firm’s HR applications and enabling the organization to adopt SaaS, IaaS and PaaS.

Commenting on his appointment as CIO, Anupam said, “Microland’s technology vision is exciting. It is rapidly adopting and accelerating the implementation of nextGen technologies to deliver superlative digital experiences. I look forward to driving interactive and AI technologies that expand Microland’s potential to deliver exceptional outcomes for employees and clients.”

Zendesk Introduces New Partner Program to Give Partners More Tools to Improve Customer Engagement


Zendesk, Inc. has announced a new Zendesk Partner Program to provide the skills, tools, and support for Zendesk’s global ecosystem of partners need to help their customers deliver a better customer experience. The program is designed to enable partners to build an industry-leading customer experience practice and rewards partners based on competencies and results with a comprehensive certification program and incentives. At the same time, the Zendesk Partner Program can be tailored to meet the needs of partner’s different business models, offering the flexibility to support partners as their businesses evolve.

“Customer expectations are at an all time high, and we do our best work helping our customers meet their customer’s expectations when we work hand in hand with our partners,” said Ricardo Moreno, Vice President Worldwide Partners at Zendesk. “We recognize that significant evolutions are underway in the traditional partner model, and we look forward to growing our partner ecosystem and helping our partners deliver better customer experiences.”

Sandie Overtveld, Vice President, APAC at Zendesk said, “The Indian market is very competitive when it comes to the software sector, and is a key market for Zendesk having seen healthy growth since our launch three years ago. This program is good news for the partner ecosystem, which has played a key role in our success. The launch of the Zendesk Partner Program is an ongoing commitment to our partners and customers that will build an ecosystem to ensure a more seamless transfer of knowledge and better customer experience all round.”

With its modern approach to the program, Zendesk allows partners to engage in multiple business models based on their unique business strategy and skills. Rather than limit a partner to a specific role, Zendesk’s flexible framework allows partners to refer, resell, implement, develop, integrate, or any combination of these services depending on the opportunity.

 “India has emerged as a strong contender in Zendesk's 10 fastest growing markets globally. The new Partner Program will help us strengthen our relationships with our partners in the region by facilitating the ease of exchanging skills and expertise across the table. It will also accelerate our momentum towards our goal of becoming a $1 billion company next year.”, said KT Prasad, Country Sales Director, Zendesk India.

“Partners are looking for vendors that are easy to do business with and show them the best path to profitability. Zendesk gets it, and created its new program with all the right elements that nail these two critical aspects,” said Kevin Rhone, Director of Channel Acceleration at The Enterprise Strategy Group.

The Zendesk Partner Program also provides significant growth opportunities for the partner ecosystem, including cloud service providers, systems integrators, value added resellers, outsourcers, consultants, developers, and IT professionals. Whether partners are looking to earn revenue through delivery of Zendesk products and services, find new opportunities with existing clients, or deliver value-add services, the Zendesk Partner Program provides the tools and resources to open new revenue streams and grow their business.

“As a long standing partner, we look forward to accelerating our investment in Zendesk based on this major step forward with the new program and the mutual success it promises,” said Bruno Stuchi, CEO at Aktie Now, a consulting company that supports business innovation and growth through strategy, processes, technology, and people.

"Zendesk’s robust partner program is designed in a way that helps new partners like us get up and running quickly. The flexibility, support, and ready-to-use resources available through the program are already helping us grow our business," said Fred Walters, Chief Innovation Officer at iTalent Digital, a global woman- and minority-owned digital consulting and software engineering company.

The new partner program operates across three tiers that are organized based on the overall capabilities and contributions of partners across all types of business models.

Frost & Sullivan Names JLL India “2019 India Facility Management Company of the Year”


JLL India has been named the 2019 India Facility Management Company of the Year at Frost & Sullivan’s India Best Practices Awards Banquet. The award was given in recognition of the real estate firm’s excellence in growth, innovation, and customer leadership.

Sandeep Sethi, Managing Director, Corporate Solutions, JLL India said: “It is an honour to be acknowledged for this prestigious award. Our success revolves around our people, and our continuous effort to drive client experience. We continue to evolve our service delivery in line with the changing needs of our clients by a deep commitment to innovation and workplace experience enabled by technology. We thank our clients who have believed in us and have entrusted us with their ‘workplace experience.”

“We are delighted that this has been recognized by leading research &am p; consulting firm like Frost & Sullivan,” he further added.

According to Frost & Sullivan, the nominees were judged on three key areas, including demand generation, brand development, and competitive positioning. JLL was recognised for its well-executed strategies and forward-thinking service proposition, leading to significant double-digit growth in 2018. What set the firm apart was also its strong client renewals and contract wins from reputable global companies across the region.

With over 160M sq. ft. under management across over 1,600+ sites, JLL is a leader in facilities management services in India. JLL has incorporated several new, industr y-leading technologies into its delivery, for instance, in the utilisation of their in-house eFit Facility CAFM platform; a digital Service Level Agreement-tracking, Business Intelligence dashboard capability and incorporating multiple other technology interventions across client sites.

JLL has been actively developing and deploying innovative solutions to enhance client experience and efficiency. One example is the India-based IDEA Labs, an acronym for “Innovation that Drives Experience and Automation.” Helmed by a tech-innovator-entrepreneur, IDEA Labs is designed to explore, evaluate and pilot the latest technologies and solutions available in the Indian FM industry.

Additionally, JLL has also established a Workplace Experience Center of Excellence (CoE), dovetaili ng into the Hospitality Board. This CoE includes team members with backgrounds in hotels and hospitality, and the CoE is responsible for designing and rolling out bespoke client training and education programs to upskill our on-site delivery teams to make staff more personable, client-centric and generally imbibe hospitality best practice into our delivery.

“As a Firm, JLL is constantly investing in our people, skilling and technology innovation. We strongly believe that these are the core areas that will continue to drive real value for our clients, partners and our people. There’s never been a better time for the industry,” added Sandeep.

While congratulating JLL, Arushi Thakur, Associate Director, Measurement & Instrumentation Practice, Frost & Sullivan said: “JLL is a national leader in facilities management services in India and provides a comprehensive portfolio and property management services to corporations and institutions in almost every industry sector ranging from BFSI, IT/ ITes, business process outsourcing, industrial, life sciences and manufacturing among others.”

Frost & Sullivan Awards are presented to companies that demonstrate best practices across industries. The Awards are recognition of their inn ovation, commitment, technological innovation, customer service, and successful business strategies required to advance in the global marketplace. Frost & Sullivan's intent is to help drive innovation, excellence, and a positive change in the global economy by recognising best-in-class products, companies, and individuals.

Association of India Appeals to State Government to Stop Harassment of Poor Retailers by Health and Police Officials in Karnataka

Highlights

*  Appeal sent to Chief Minister, Karnataka, Mr. B.S. Yediyurappa, on behalf of over 10 lakh families in Karnataka Facing Life and Death Situation with Continued and Unwarranted Health and Police Official Harassment
* Health officials issuing challans indiscriminately under non-relevant sections of COPTA to trouble already very poor and helpless micro-retailers
* Such harassment has the potential to put livelihood of lakhs of poor people at stake

We, Karnataka State Retail Beedi – Cigarette Merchants Association – Bangalore, who also represent the Karnataka Chapter of the Federation of Retailer Association of India (FRAI), are a representative body over 2 lakh retailers of goods of daily consumption in Karnataka. We are a member of FRAI which is an All India representative body of four crore micro, small and medium retailers across the country, with 34 Retail Associations from North, South, East and West as the members of the Federation. FRAI protects the interests of the poorest of the poor in the country and raise issues which impact the employment opportunities and render help to such people who are unable to express their views. It also brings to the attention of the Government policies which will help promote and protect employment in the unorganised sector and create an environment of ease of doing business in India.

Karnataka State Retail Beedi – Cigarette Merchants Association, Bangalore, representing the FRAI Karnataka Chapter, today raised its concerns against the harassment faced by its member shopkeepers from the State Govt.’s Health and Police Officials. These officials visit small retailers very frequently and tell them that they are not following tobacco control laws. All our retailers are law-abiding citizens and the question of violating any laws just does not arise. In spite of this these officials subject these shopkeepers to harassment by way of imposing penalty on the flimsy excuse that they are violating some tobacco control law. Challans are issued to these simple, helpless people for so-called violation of the ‘Cigarette and other Tobacco Products (prohibition of advertisement and regulation of trade and commerce, production, supply and distribution) Act’, 2003 or COTPA and these challans are absolutely baseless.  These Officials many a times confiscate legal cigarette stocks without giving a valid reason or proper document as required which further puts a financial hardship on the shopkeeper who is already burdened with lots of loans to meet ends.

 Explaining the issue, B. N. Murali Krishna, Member, Federation of Retailers Association of India and President, Karnataka State Retail Beedi-Cigarette Merchants Association, said, “The shopkeepers always suffer out-right and unreasonable rejection of their appeals and these officials do not accept any of their valid arguments. It is clear that the officials are just intent on harassing and challan the poor retailers illegally. Given our poor financial position, how can the health officials expect us to pay fines for offences which we have not committed? Also, the challans so raised are not in line with the law as most of the charges are on public smoking (Section 4) issued to our members even though they are non-smokers!  If we argue with the officials, they threaten to have us arrested. Members are also not able to get a recourse to the seized stock as they have not been given proper seizure receipts by the official”

Mr. Murali Krishna further said, “The way this harassment is continuing on a regular basis, soon we will have to close our shops and we and lacs of our family members will be driven to the street. Our livelihood will be very badly affected, and we will be forced into a state of trauma and agony.”

“We have approached senior Ministers and Govt. officials several times on the harassment faced by us. In all such meetings we have been assured that the harassment will stop but in reality we continue to be subjected to unjustified challans. It appears that since we are poor and helpless, nobody is bothered about our livelihood issues”, Mr Murali Krishna signed off. 

The Karnataka Chapter of FRAI represent around 2 lakh retailers from all over the State. it represents the livelihood of about 10 lakh people in Karnataka. Our members are poor and law-abiding shopkeepers and who because of lack of proper education has been forced to put in small capital to set up shops selling goods of daily consumption by people. Our members do not have any other means of income and the income earned from their shops is barely adequate to feed themselves and their family members.

Karnataka State Retail Beedi-Cigarette Merchants Assn under the banner of FRAI staged a strong protest gathering in Bangalore and lodged a strong appeal with the Hon’ble Chief Minister, Karnataka, Mr. Mr. B.S. Yediyurappa and the state government asking for an immediate intervention to save the poor and helpless shopkeepers from official harassment. This is a matter of life and death of 10 lakh families across the State of Karnataka unless the harassment is stopped forthright.

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