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MindTree Q2 Financial Results

MindTree Ltd. is a global IT Solutions company specializing in IT Services, Independent Testing, Infrastructure Management and Technical Support (IMTS), Knowledge Services and Product Engineering, which comprises of R&D Services, Software Product Engineering and Next In Wireless. MindTree is ranked 43rd across all industries and 19th amongst IT services companies by The International Association of Outsourcing Professionals in their annual list of the Top 100 Global Outsourcing Companies. Widely known for its focus on human capital development, MindTree was ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners for the second consecutive year in 2008. MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll 2009. The Company is publicly listed in India.

Financial Highlights for the Second Quarter ended September 30, 2010

Standalone

  • In dollar terms, Revenue grew by 7.7% Quarter over Quarter (QoQ) and 19.8% Year over Year (YoY) to $78.23 Million. In rupee terms, Revenue grew by 10.9% QoQ and 17.1% YoY to Rs 3,649 Million.
  • In dollar terms, PAT decreased by 10.4% QoQ and 19.5% YoY to $8.34 Million. In rupee terms, PAT decreased by 4.9% QoQ and 18% YoY to Rs 396 Million.

Consolidated

  • In dollar terms, Revenue grew by 7% QoQ and 26.2% YoY to $82.4 Million. In rupee terms, Revenue grew by 10.2% QoQ  and 22% YoY to Rs 3,844 Million
  • In dollar terms, PAT increased by 42.8% QoQ and decreased by 51.7% YoY to $5 Million. In rupee terms, PAT increased by 47% QoQ and decreased by 53.4% YoY to Rs 233 Million.

http://www.mindtree.com/news-and-events/press-releases/mindtree%E2%80%99s-consolidated-q2-revenue-grows-7-qoq-and-262-yoy

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Posted by Guru's Pick on Friday, January 07, 2011 3:34 PM
     
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