There has been a broad based growth in all the verticals, said Sanjay Jalona, Managing Director and Chief Executive Officer, L&T Infotech.

Speaking to CNBC-TV18, he said, "With the deals that we have closed and with investments that we have made in the growth of top 30, top 50 accounts, and the new accounts we have opened, we are optimistic of FY19."

The banking and financial services (BFS) vertical grew 23% and consumer packaged goods (CPG), retail and pharma grew 30% year-on-year, he said.

Talking about pressure seen in the insurance vertical, Jalona said there is no cyclical problem in insurance as such and it will pick up going forward.

With regards to BFS segment, he said they are optimistic of growth there on back of the large deal last year of $120 million.

Information technology company, L&T Infotech, posted strong earnings for the Q4.

The company ended FY18 with dollar revenue growth of 16.7% and constant-currency growth of 14.7%.

The reported margins and profit was bit by one-time settlement of Rs 61.7 crore with a client.

First Published:May 24, 2018 12:31 PM IST