LTTS on track to meet guidance; highest growth from Europe: MD

economictimes.indiatimes.com:

Amit Chadha, MD & CEO, L&T Technology Services, says “I would like to confirm to you that the highest growth that we have had in the last two quarters has been from Europe. Our North America region has also grown in both these quarters and then has been ROW. And I would like to confirm that that is the case for quarter three as well.”

Let us begin by talking about the overall growth rate because that has slowed from the 6% plus that we saw per quarter 8 to 9 quarters ago to about 1%. Are you confident that this is the bottom and hence a sharp reversal can be seen in Q4?
Amit Chadha: You want to do the math and you look at 17.5% to 18.5%, you will realise the asking rate is about 4%. I am confirming to you that Q4 will be a good quarter and that is how we are reaffirming our guidance. And I have confidence based on the deals that we have won, based on some of the deals in play that we will be there as we move forward. I am extremely excited about the kind of opportunity that exists for engineering services with India Inc. globally. So I am fairly comfortable at this stage.

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I just want to further drill it down on that point that you made. At the upper end of your guidance, the Q4 ask rate is 8% QOQ. Is that realistically possible?
Amit Chadha: There is no miscalculation here. There is a range here. And that is why I told you that the lower end puts you at above 4% and the higher end puts you above, of course, higher than that. And we continue to work on it as we move