Mindtree reveals its Q3 'FY13 earnings

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Mindtree Limited has announced its results today for the third quarter ended December 31, 2012, as approved by its Board of Directors.

 In USD terms, the revenue at $109.9 million (growth of 2.5% q-o-q / 6.0% y-o-y)and the net profit at $18.4 million (growth of 42.8% q-o-q / 51.9% y-o-y). As far as Rupee terms ar concerned, revenue at ` 5,901 million (decline of 1.0% q-o-q / growth of 13.5% y-o-y) and the net profit at ` 988 million (growth of 36.8% q-o-q / 63.0% y-o-y).

“Our revenue growth has been satisfactory despite a seasonally weak quarter. We are very pleased that our efforts to reposition and strengthen our business continue to yield good results, as can be seen in our strong profitability improvements.....See More