MINDTREE
SECOND QUARTER RESULTS
(SEPTEMBER,2014)
Mindtree , a global technology services company, announced its
results for the second quarter ended September 30, 2014.
Key financial highlights :
In USD terms :
O Revenue at $147.05 million (growth of 4.1% q-o-q /18.6%
y-o-y)
O Net profit at $22.74million (growth of 4.9% q-o-q /9.7%
y-o-y)
In Rupee terms :
O Revenue at `8,886 million (growth of 5.3% q-o-q /15.5%
y-o-y)
O Net profit at `1,374million ( growth of 6.2% q-o-q /6.8%
y-o-y)
Other highlights:
Clients :
O 200 active clients as of September 30,2014
O $30 million clients grow to 4; $20 million clients grow to 7; $ 5million clients grow to 27
Employees:
O 13,018 employees as of September 30, 2014
O Added 810 employees during the quarter on a gross
basis
O 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
Dividend announcement:
O Recommended an interim dividend of 30% ( `3per equity
share of par value `10 each) for the quarter ended September 30, 2014
“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.
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