Thread by @ParveenBhansali

#LTTS🌏 is eying 'big boys' club in terms of revenue from engineering services and related segments in coming years with its biggest acquisition #SWC since its inception.

#LTTS🌏 set for a leapfrog jump in network engineering segment.

MD & CEO, #LTTS🌏 said the acquisition is both margin and EPS accretive n will help the engineering services firm achieve $1.5 billion revenue by FY25.

He said: IT firms such as TCS, Infosys, Tech Mahindra n Wipro do $300 to $500 million of business annually in network engineering segment. With this acquisition, #LTTS🌏will hv opportunity to enter into big boys' club as SWC comes up wth deep expertise n assets in d said segment

#LTTS🌏 said there are no challenges in the integration process with SWC and the Co will be able to accelerate its revenue growth in coming years.

#LTTS🌏 said as they turn around #SWC to draw more revenue from international clients, they are absolutely confident of 18% EBIT margin band in next 12-18 mnths by FY25 or even sooner. Hence SWC acquisition is both margin n EPS accretive and a growth business for #LTTS🌏

#LTTS🌏 is eyeing to draw 65 per cent of SWC' revenues from international operations from current 35 per cent in coming years.