LTTS Secures $203 Million in Large Deals, More Than Half AI-Led
LTTS delivered Q2 results with 4.8% year-over-year revenue growth to $317.1 million, driven largely by $203 million in major contract wins, over 50% of which leveraged AI solutions. The engineering R&D services firm reported $120 million in annualized revenue from Engineering Intelligence solutions and filed over 250 AI patents during the quarter. Its EBIT margin strengthened 60 basis points sequentially to 16.3%.
Key points
- $317.1M quarterly revenue with 4.8% YoY growth
- $203M deal wins with over 50% AI-powered
- $120M annualized EI-led solutions revenue
- Filed 250+ AI patents in quarter
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