Mid-cap information technology company MindTree reported a 15.1 per cent growth in revenue at $501.5 million for the fiscal year 2013-14. The company saw a sequential growth of 4.4 per cent at $132.8 million in dollar terms.
The company’s net profit for the quarter stood at $15.9 million, registering a growth of 11.7 per cent QoQ and 8.9 per cent on YoY basis. Its net profit for the year stood at $74.6 million, registering a growth of 19.3 per cent (dollar terms).
“We crossed the half billion dollar in revenues, $100 million in operating profits and `100 of EPS,” Krishnakumar Natarajan, CEO and MD of the company said. The company added 207 active clients as of March 31, 2014. Its $5 million clients grew to 24 and $1 million clients grew to 73.
They added a 12,926 employees as of March 31, 2014 and 397 employees during the quarter on a gross basis. Attrition rates were at 12.7 per cent.