L-;T Technology placed as a leader in Digital Engineering Services by ISG; stock marginally up

23 Jun 2022 , 12:55 PM

L&T Technology Services Limited announced today that it has been positioned as a ‘Leader’ in all 5 quadrants for the North American market in the 2022 ISG report.

ISG acknowledged LTTS’ leadership capabilities in Design and Development (Products Services, Experience), Connected and Intelligent Operations – Discrete Industries, and Connected and Intelligent Operations – Process Industries. LTTS has also been named a ‘Leader’ in North America for Integrated Customer/User Engagement & Experience and Platforms & Application Services.

LTTS has been recognized for its emerging engineering frameworks, connected operations in discrete industries, and transformation journeys across multiple verticals. ISG noted that LTTS’s range of Machine Learning (ML), IoT, and digital service offerings is supplemented by an engineering design talent pool with digital technology capabilities to deliver world-class products and services.

“LTTS has successfully assisted clients in transforming their product and service value propositions by architecting and executing future-ready digital product and platform roadmaps through user-centered services,” commented Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology.

He further added, “As more of our customers embark on the journey to digital transformation, both in products and on the shop floor, we have been investing in digital and cutting-edge technologies and providing a wide range of services from chip to cloud. This strategy has enabled us to become the preferred partner of over 300 global customers.”

L&T Technology Services Ltd is currently trading at Rs3,061.35 up by Rs7.9 or 0.26% from its previous closing of Rs3,053.45 on the BSE. The scrip touched intraday high and low of Rs3,144.90 and Rs3,057 respectively.