Its definitely a large deal for LTTS and shows that SWC capabilities have started bearing fruits in cybersecurity. However, the key thing to watch out will be how they are able to leverage these kind of big wins to take the offerings to their global clients. Legacy SWC always had government contracts in India and that was one of the main reasons for their low margins and higher DSO days.
There is a huge demand in smart cities and cybersecurity globally in developed countries. Amit Chaddha (LTTS CEO) recently wrote in an article how smart cities and software defined vehicles can be integrated. If leveraged well, such deals can be big revenue triggers for future pipeline.
Disc – Invested from lower levels.
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