Mindtree reports revenue growth of 5.4% q-o-q and 15.6% y-o-y in Dollar terms

18th October 2013 | By Mouseworld Now Correspondent |

New Delhi, India, October 18, 2013: Mindtree, a global information technology solutions company, announced its results for the second quarter ended September 30, 2013, as approved by its Board of Directors.

CEO & MD of Mindtree Krishnakumar Natarajan said, “The relentless execution of our new strategies has delivered two consecutive quarters of strong revenue growth this year. We continue to invest in expertise-led solutions and attracting top quality industry talent. This drives positive business outcomes for our customers while achieving sustainable growth.”

Financial highlights of Mindtree in USD terms:

Revenue at $124 million (growth of 5.4% q-o-q / 15.6% y-o-y)

Net profit at $20.7 million (decline of 15.7%* q-o-q / increase of 61.2% y-o-y)

In Rupee terms:

Revenue at ` 7,696 million (growth of 18.8% q-o-q / 29.1% y-o-y)

Net profit at ` 1,287 million (decline of 4.9% q-o-q / increase of 77.8% y-o-y)

Other highlights:

  • Customers:

220 active customers as of September 30, 2013

$5 million customers grow to 21

  • Employees:

12,941 employees as of September 30, 2013

Added 1,122 employees during the quarter on a gross basis


© Mouseworld Now News Service

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