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MindTree Shares Surge 4 Per cent On Super Q1 Numbers


Shares in MindTree rallied a huge 4 per cent after the company reported a good set of numbers for the quarter ending June 30, 2015.

MindTree Shares Surge 4 Per cent On Super Q1 Numbers
MindTree: Quotes, News
BSE 719.40BSE Quote28.75 (4.00%)
NSE 713.65NSE Quote22.7 (3.18%)
The shares were up almost 4 per cent at Rs 1300 on the National Stock Exchange. On Thursday MindTree reported net profits of Rs 138.2 crore, which was largely led by forex gains, Margins at the company were on the lower side.

Revenues at the company increased to Rs 981.6 crores, which was again in line with most estimates.

In the previous quarter, most of the IT companies reported a poor set of numbers largely on account of cross currency headwinds. TCS which is the only other software company to report numbers so far for the quarter ending June 30, 2015 reported more or less earnings that were in line with estimates.

Analysts would now look for numbers from biggies including TCS, Wipro and HCL Tech.

Read more about: mindtree tcs wipro hcl tech
Story first published: Friday, July 17, 2015, 10:33 [IST]
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