L&T Technology Services Limited has informed the Exchange regarding a press release dated July 26, 2025, titled "L&T Technology Services wins approximately $60 million software engineering engagement from US Tier-I Telecom Provider".
LTTS · price
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L&T Technology Services (LTTS) has signed a multi-year engagement worth approximately $60 million with a major US-based wireless telecom provider. The deal falls under LTTS's Tech segment and covers network software development, R&D lab integration, new product development, and functionality testing for the client's network software automation platforms. The company will also set up a dedicated delivery center in the United States to support the project. This builds on a decade-long partnership between the two companies, and LTTS plans to expand into AI-powered test automation for the client going forward. For context, LTTS serves 69 Fortune 500 companies and employs over 23,600 people across 23 global design centers.
This is a meaningful new order for LTTS, adding roughly $60M of revenue visibility over multiple years from a US client in USD, which should support the Tech segment growth and is positive for margins given the nearshore US delivery model. Likely to be viewed as a positive by the market, reinforcing LTTS's positioning in next-gen telecom and 5G engineering services.