MindTree reports net profits of Rs 98.8 crores

Business

oi-Sunil

By Sunil Fernandes

Published: Saturday, January 19, 2013, 11:08 [IST]

MindTree, a global information technology solutions company has reported a revenue of Rs 590.1 crores, for the quarter ending Dec 31, 2012, showing a growth of 2.5% q-o-q.

Net profit during the period has come in at Rs 98.8 crore, representing a growth of 36.8% q-o-q.

"Our revenue growth has been satisfactory despite a seasonally weak quarter. We are very pleased that our efforts to reposition and strengthen our business continue to yield good results, as can be seen in our strong profitability improvements. Our expertise led positioning is helping us develop deeper customer relationships and deliver transformative changes for existing and new customers " said Krishnakumar Natarajan, CEO & Managing Director, Mindtree Limited.

MindTree had 245 active customers as of December 31, 2012, with the $5 million customers increasing by 4 to 21; $10 million customers increased by 1 to 9.

GoodReturns.in