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The partnership will cover areas such as R&D lab integration, new product development, and functionality testing tied to the client’s network automation platforms.
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This new centre will house a skilled and scalable engineering team that will work hand-in-hand with Tennant on designing new products, managing the product life cycle, and strengthening core business functions.
The company’s revenue for the quarter registered a growth of 12.40% on a sequential basis to ₹2,982.40 Crore as compared to ₹2,653 Crore.
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L&T Technology Services' September quarter net profit increased by 1.3% to ₹319.6 Crore, despite narrowing profit margins.
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This collaboration will use Thales' software monetisation platform, Thales Sentinel, to provide innovative revenue models to LTTS customers.
Revenue from operations for the reported quarter stood at ₹2,461.9 Crore, reflecting a seven %increase from ₹2,301.4 Crore in the corresponding period last year.
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