Here's what MindTree's Q4 reveals?
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE MindTree has announced its results for the fourth quarter and the year ended March 31, 2013, as approved by its Board of Directors. The key highlights of the results reveal that the company has earned a net profit of 55% which is at Rs.789 million, showing a decline of 20.1% q-o-q but a growth rate of 14% y-o-y. The revenue received is at Rs.6,124 million with a growth of 3.8% q-o-q and 16.5% y-o-y. The year ending revenue showed a net profit of Rs.3,389 million which has grown up by 55%. The revenue generated is Rs.23,618 million – up by 23.3%. As of March 31, 2013, the company added 232 new active customers. MindTree added 974 employees during the quarter on a gross basis, whereas 11,951 employees were added as of March 31, 2013. As per the report, MindTree will provide service desk and End-User Computing (EUC) services for its users across multiple countries. The company will also provide managed servic...