Changes for page L&T Technology Services Ltd

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  = Company Overview =
--L&T Technology Services Limited (NSE:LTTS) is a global leader in Engineering and R&D (ER&D) services. With 525 patents filed for 53 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. The company's innovations speak for themselves – World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World, to name a few.{{footnote}}https://www.ltts.com/about-us/company-profile{{/footnote}}
++L&T Technology Services Limited (NSE:LTTS) is a global leader in Engineering and R&D (ER&D) services. With 525 patents filed for 53 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. The company's innovations speak for themselves – World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World, to name a few.{{footnote}}https://www.ltts.com/about-us/company-profile{{/footnote}}
  LTTS’ expertise in engineering design, product development, smart manufacturing, and digitalization touches every area of human lives - from the moment one wakes up till the time one goes to bed. With 45 Innovation and R&D design centres globally, the company specialize in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport.
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  === Product Engineering               ===
--At LTTS, product engineering is its forte. LTTS has teams of specialists that can assist you in every step of your product development journey – starting with design & prototyping to VLSI, software, hardware and security engineering.{{footnote}}https://www.ltts.com/services/product-engineering{{/footnote}}
++At LTTS, product engineering is its forte. LTTS has teams of specialists that can assist you in every step of your product development journey – starting with design & prototyping to VLSI, software, hardware and security engineering.2
  * CAE & CFD
  * CAx Automation
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  === Manufacturing Engineering               ===
--Unconventional times call for unconventional shifts in manufacturing. In this new normal, what manufacturers need is the ability to do more with less, deliver services remotely through data and cloud platforms, reduce design timelines, and increase production throughput.{{footnote}}https://www.ltts.com/services/manufacturing-engineering{{/footnote}}
++Unconventional times call for unconventional shifts in manufacturing. In this new normal, what manufacturers need is the ability to do more with less, deliver services remotely through data and cloud platforms, reduce design timelines, and increase production throughput.3
  In short, it is time to be F.R.U.G.A.L – Flexible, Remote, Unconventional, Glocal and Agile.
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  === Operations Engineering               ===
--From streamlining your supply chain operations, to ensuring efficient building management, and running your product servicing & support requirements, take a look at how LTTS can help unlock massive operational efficiency for your organization.{{footnote}}https://www.ltts.com/services/operations-engineering{{/footnote}}
++From streamlining your supply chain operations, to ensuring efficient building management, and running your product servicing & support requirements, take a look at how LTTS can help unlock massive operational efficiency for your organization.4
  * Connected Service Support
  * Integrated Content Management
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  === Engineering Consultancy               ===
--At LTTS, its holistic understanding of multiple industries has helped it engineer crosspollinovation – the ability to assimilate the best technologies and practices from multiple industries and integrate it into your product. Learn how its consultants can help build your next big idea.{{footnote}}https://www.ltts.com/services/engineering-consultancy{{/footnote}}
++At LTTS, its holistic understanding of multiple industries has helped it engineer crosspollinovation – the ability to assimilate the best technologies and practices from multiple industries and integrate it into your product. Learn how its consultants can help build your next big idea.5
  * Industry 4.0
  * Product Strategy
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  == Solutions               ==
--Company’s next-gen engineering solutions that are uniquely designed to address complex business challenges.{{footnote}}https://www.ltts.com/solutions{{/footnote}}
++Company’s next-gen engineering solutions that are uniquely designed to address complex business challenges.6
  * i-BEMS
  * Connected Security
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  = Business Overview               =
--L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research & Development (ER&D) services company. It offers design and development solutions throughout the product development chain and provides services and solutions in the areas of mechanical and manufacturing engineering, embedded systems, engineering analytics and plant engineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across Industrial Products, Transportation, Telecom & Hi-tech, Medical Devices, and Plant Engineering. The business also provides digital engineering advisory services to some of the world’s leading enterprises. The key differentiators for LTTS’ business are its customer-centric industry innovations, domain expertise, and multi-vertical presence spanning major industry segments.{{footnote}}https://www.ltts.com/system/files/2020-06/LTTS%20AR%202019-20.pdf{{/footnote}}
++L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research & Development (ER&D) services company. It offers design and development solutions throughout the product development chain and provides services and solutions in the areas of mechanical and manufacturing engineering, embedded systems, engineering analytics and plant engineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across Industrial Products, Transportation, Telecom & Hi-tech, Medical Devices, and Plant Engineering. The business also provides digital engineering advisory services to some of the world’s leading enterprises. The key differentiators for LTTS’ business are its customer-centric industry innovations, domain expertise, and multi-vertical presence spanning major industry segments.7
  == Business Segments               ==
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  The company's revenue from continuing operations increased by 10.6% to Rs 56,191 Million for the year ended March 31, 2020 from Rs 50,783 Million for the year ended March 31, 2019, with growth being led primarily by the Transportation, Plant Engineering, and Medical Devices segments.
--The company's USD revenue from continuing operations comprise revenues denominated in USD, in addition to amounts in foreign currencies across its operations, that are converted into USD using the day-end exchange rates for the relevant period. Such revenues increased by 8.7% to USD 786 Million for the year ended March 31, 2020 from USD 723 Million for the year ended March 31, 2019.
++The company's USD revenue from continuing operations comprise revenues denominated in USD, in addition to amounts in foreign currencies across its operations, that are converted into USD using the day-end exchange rates for the relevant period. Such revenues increased by 8.7% to USD 786 Million for the year ended March 31, 2020 from USD 723 Million for the year ended March 31, 2019.
  **Transportation   **
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  The company's employee benefit expenses increased by 8.6% to Rs 32,916 Million for the year ended March 31, 2020 (which represented 58.6% of its revenue from operations for such year) from Rs 30,318 Million for the year ended March 31, 2019 (which represented 59.7% of its revenue from operations for such year). This is primarily as a result of increase in salaries, including overseas staff expenses, to Rs 31,775 Million from Rs 29,307 Million on account of annual increments and increase in the headcount from 15,140 as at March 31, 2019 to 16,883 as at March 31, 2020.
--Employee benefit expenses earlier consisted of Travel Cost of Billable Employees which in FY 20 are regrouped under Other Operating Expense and FY 19 figures are regrouped accordingly.
++Employee benefit expenses earlier consisted of Travel Cost of Billable Employees which in FY 20 are regrouped under Other Operating Expense and FY 19 figures are regrouped accordingly.
  **Finance costs   **
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  = Recent developments               =
--June 02, 2020; L&T Technology Services Joins SRT Alliance and Is Recognized as SRT Ready Partner{{footnote}}https://www.ltts.com/sites/default/files/news/2020-06/SRT-LTTS%20Final.pdf{{/footnote}}
++June 02, 2020; L&T Technology Services Joins SRT Alliance and Is Recognized as SRT Ready Partner 8
  L&T Technology Services Limited has joined the SRT Alliance and has been recognized as an SRT Ready partner providing customers with cutting-edge cloud-based video transport technology.
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  LTTS’ in-house platforms such as its next-gen digital signage solution Flyboard, combined with its expertise in SRT and cloud transmission, open up a plethora of possibilities for the industry. Some of these include reducing transmission time by up to 75% in remote area defense communications, cloud-based production workflows to reduce transmission costs from the field to broadcaster studios, live coverage of far flung events without the need of satellite links, and enhanced viewing of sporting events through multiple angles for commentators and fans alike.
--August 04, 2020; L&T Technology Services expands collaboration with Microsoft to offer eco-friendly solutions for workplace transformation{{footnote}}https://www.ltts.com/sites/default/files/news/2020-08/LTTS_IBEMS_Microsoft_PR.pdf{{/footnote}}
++August 04, 2020; L&T Technology Services expands collaboration with Microsoft to offer eco-friendly solutions for workplace transformation 9
  L&T Technology Services Limited announced that it has expanded its collaboration with Microsoft Corporation and launched its latest and enhanced version of the state-of-the-art i-BEMSTM solution on Microsoft Azure to transform buildings into future-ready smart campuses.
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  The current expanded collaboration leverages Azure to enable i-BEMSTM to act as a Facility Information Broker, unifying data from all systems making the building/campus a single entity rather than a heterogeneous collection of systems focused on employee health and safety and preservation of the immediate environment.
--= References                          =
++= References    =
  {{putFootnotes/}}