In US dollar terms, revenue stood at $253.2 million, down 4.1 per cent YoY and 9 per cent QoQ.
The company reported its highest-ever deal wins at $393 million for the quarter and $1.3 billion for FY20
For Q4FY20, Mindtree posted a net profit of Rs 206.2 crore, a rise of 3.9 per cent year-on-year basis and 4.7 per cent sequentially.
Mindtree posted a net profit of Rs 198.4 crore in the same period last year
Slow pace of new contracts remains a concern despite revenue growth
For the recently concluded quarter, the Bengaluru-headquartered company reported revenue growth of around 10 per cent to Rs 1,965 crore.
The Bengaluru-headquartered company's revenues grew around 10 per cent to Rs 1,965 crore for the quarter ended December
Diluted earnings per share (EPS) came in at Rs 11.96, up 3 per cent YoY and 45.9 per cent QoQ.
It reported 34.6 per cent decline in its net profit at Rs 135 crore for the second quarter of FY20 when compared with the corresponding period of the previous financial year.
Deal pipeline remains strong, company expects to improve growth in H2
The Bengaluru-based company saw its revenue grow 9.1 per cent to Rs 1,914.3 crore in the quarter under review from Rs 1,755.4 crore in the year-ago period, it added
As per analysts, FY20 is likely to remain a softer year for midcap IT on US dollar revenue growth (vs FY19 on revenue growth front).
Mindtree's revenues rose 11.9 per cent to Rs 1,834.2 crore in the quarter as compared with Rs 1,639.5 crore in the year-ago period
In its annual general meeting (AGM) held on Tuesday, the shareholders of Mindtree, including the new promoter Larsen and Toubro (L&T), approved the proposal for a special dividend of Rs 20 per share
Mid-sized IT firm Mindtree Wednesday said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period. The Bengaluru-based company's revenue also increased by 25.6 per cent to Rs 1,839.4 crore in the said quarter, as compared to Rs 1,464 crore in the year-ago period, Mindtree said in a regulatory filing. Mindtree, which is facing a hostile takeover bid by infrastructure giant L&T, said its board has also declared an interim dividend of Rs 3 per equity share, and recommended a special dividend of 200 per cent (Rs 20 a share) to "celebrate the twin achievements of exceeding USD 1 billion annual revenue milestone and 20th anniversary of the company" subject to shareholders' nod. "Mindtree has delivered exceptional performance for both the fourth quarter and the full fiscal year as we cross the historic USD 1 billion milestone. Over the course of two decades our strategy of being expertise-led and backed by a ..
Analysts say there is a scope for further improvement in margins driven by a higher employee utilisation
The stock hit a 52-week high of Rs 694, up 11% on NSE after the compared reported a better than expected 13.4% q-o-q growth in net profit at Rs 1.41 billion for December quarter.
The company had posted a net profit of Rs 94.8 crore in the same period a year ago