BANGALORE, India and
WARREN, New Jersey, October 15, 2014 /PRNewswire/ --
Mindtree, a global technology services
company, announced its results today for the second quarter ended
September 30, 2014, as approved by
its Board of Directors.
(Logo:
http://photos.prnewswire.com/prnh/20140416/681203 )
“Our deep expertise in Digital and
Infrastructure services has led to continued opportunities to help
our clients differentiate their business. Our strategy of becoming
a leader in digital solutions is continuing to bear fruit and has
contributed to another strong growth quarter for Mindtree” said
Krishnakumar Natarajan, CEO &
Managing Director, Mindtree .
Key financial highlights:
- In USD terms:
- Revenue at $147.05 million
(growth of 4.1% q-o-q / 18.6% y-o-y)
- Net profit at $22.74 million
(growth of 4.9% q-o-q / 9.7% y-o-y)
- In Rupee terms:
- Revenue at ` 8,886 million (growth of 5.3% q-o-q / 15.5%
y-o-y)
- Net profit at ` 1,374 million (growth of 6.2% q-o-q / 6.8%
y-o-y)
Other highlights:
- Clients:
- 200 active clients as of September 30,
2014
- $30 million clients grow to 4;
$20 million clients grow to 7;
$5 million clients grow to 27
- Employees:
- 13,018 employees as of September 30,
2014
- Added 810 employees during the quarter on a gross basis
- Trailing 12 months attrition is at 15.7%
- Multi-year and multi-million dollar wins with leading global
clients:
- World leader in computer software and technology. Mindtree will
provide data analytics services for this existing client
- Leading global insurance company. Mindtree will provide managed
services to support underwriting applications for this existing
client
- Leading global automobile company. Mindtree will provide
digital support services for this existing client
- Awards and recognition:
- Mindtree was named in the overall leader zone by Zinnov, a
leading globalization and market expansion advisory firm, in its
global R&D service provider ratings 2014
- Dividend announcement:
- The Board of Directors, at its meeting held on October 15, 2014 recommended an interim dividend
of 30% (` 3 per equity share of par value ` 10 each) for the
quarter ended September 30,
2014.
About Mindtree
Mindtree [NSE: MINDTREE; CIN: L72200KA1999PLC025564] delivers
technology services and accelerates growth for Global 1000
companies by solving complex business challenges with breakthrough
technical innovations. Mindtree specializes in e-commerce,
mobility, cloud enablement, digital transformation, business
intelligence, data analytics, testing, infrastructure, EAI and
ERP solutions. We are among the fastest growing technology firms
globally with more than 200 clients and offices in 14
countries.
Safe harbour
Certain statements in this release concerning our future
growth prospects are forward-looking statements, which involve a
number of risks, and uncertainties that could cause our actual
results to differ materially from those in such forward-looking
statements. We do not undertake to update any forward-looking
statement that may be made from time to time by us or on our
behalf.
Please visit us at http://www.mindtree.com .
For more information, contact:
Ranjani Priya H
Mindtree
+91-96201-55905
Ranjani_Harikrishnan@mindtree.com
Siddhartha Tanti
Genesis Burson-Marsteller
+91-99863-62435
Siddhartha.Tanti@bm.com
Kiran Farooque
PPR Worldwide
+44-(0)207-300-6181
Kiran.Farooque@pprww.com
David Barkoe
Max Borges Agency
+1-305-374-4404 x167
davidbarkoe@maxborgesagency.com
Mindtree Limited, Global Village, RVCE Post, Mysore Road,
Bangalore-560059; CIN:
L72200KA1999PLC025564; Phone: +91-80-6706-4000; Fax:
+91-80-6706-4100; E-mail: info@mindtree.com/investors@mindtree.com;
Website: http://www.mindtree.com