STOCK MARKET BSE NSE

MindTree Net Profit Up 19%

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.

Published: 17th April 2014 06:00 AM  |   Last Updated: 17th April 2014 12:44 AM   |  A+A-

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.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp