Revenue dropped by 0.2% to Rs 1,318 cr
The Bengaluru-based company posted profits of Rs 140 crore on a revenue of Rs 1,209 crore in the October to December period last year
Magnet360 in US and Bluefin in Europe operated at a margin much lower than MindTree's organic margin
Interview with Rostow Ravanan
The stock down 6% to Rs 452 after the company reported 23% decline in profit to Rs 95 crore for Q2FY17 sequentially.
In US dollar terms, revenue declined by 3% q-o-q to $193 mn
Headwinds for revenue and margin; stock unlikely to recover soon
The IT firm had reported profit of Rs 123.5 crore on flattish revenues of Rs 1,327.6 crore in the quarter to June
The stock slipped 7% to Rs 572, also its 52-week low on the BSE
The Bengaluru-based firm's net profit stood at Rs 128.3 crore in the April-June 2015 quarter
Company optimistic of growing ahead of industry growth average in FY17
Company's revenues grew 35.8% to Rs 1,327.6 crore in the quarter under review
Bagchi to get rank of Cabinet Minister and he will draw a salary of Rupees 1 per year for this role
FY16 has seen industry-leading growth of 22.5% (in dollar terms) for Mindtree: Rostow Ravanan
Delays in implementation of some projects in retail & consumer packaged goods contribute to fall in stock
The stock dipped nearly 10% to Rs 699 on the BSE after the stock turned ex-bonus in the ratio of 1:1 today.
Shareholders via a postal ballot approved bonus share issue in the ratio of 1:1
Krishnakumar Natarajan has been appointed as Executive Chairman and Rostow Ravanan as CEO & Managing Director