MINDTREE LTD
RESULTS FOR Q E
DECEMBER,2012
Key Financial Highlights:
· In USD terms:
o Revenue at
$127.1 million (growth of 2.5% q-o-q / 15.7% y-o-y)
o Net profit
at $14.2 million (decline of 31.5%* q-o-q / 22.7%* y-o-y)
· In Rupee terms:
o Revenue at ` 7,906 million (growth of 2.7% q-o-q / 34%
y-o-y)
o Net profit
at ` 885 million (decline of 31.2%* q-o-q / 10.4%*
y-o-y)
* Due to forex loss in Q3 of FY14 as against forex gain in Q2 of FY14 and Q3
of FY13
Other highlights:
· Clients:
o 208 active
clients as of December 31, 2013
o $5 million
clients grow to 22; $10 million clients grow to 13; $20 million clients grow to
6
· Employees:
o 12,992
employees as of December 31, 2013
o Added 397
employees during the quarter on a gross basis
o Trailing 12
months attrition has declined to 11.6% as compared to 15.1% a year ago
Multi-year and multi-million wins with leading
global clients:
o One of the top 3 global airlines. Mindtree will provide
development and support services for its next generation cargo management
system
o World’s leading manufacturer of luxury lifestyle home
entertainment products. Mindtree has been chosen as the sole software
development partner in the area of video technologies for the next generation
Digital TV platform and future video products
o Leading global provider of electronic payments solutions
to financial institutions. Mindtree has been chosen to provide engineering
solutions, platform enhancements, testing and test automation services
o Leading provider of global information &
telecommunication solutions for the air transport industry. Mindtree will
provide Oracle application support for their business critical strategic finance
systems, for this existing client
· Dividend announcement:
o Company’s goal is to gradually increase the payout and
move to a quarterly dividend payment mode. In line with this, the Board of
Directors, recommended an interim dividend of 50% (` 5 per equity share of par value `10 each) for the quarter ended December 31, 2013.
About Mindtree
Mindtree is a global information technology solutions
company with revenues of over USD 435 million
Mindtree’s consulting-driven approach makes it a
strategic partner to many Fortune 500 enterprises.
Mindtree’s ability to devise solutions is equally matched
by its ability to execute them.
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