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News Release

Mindtree's net profit surges 63% y-o-y in rupee terms

better client mining leads to more $5M and $10M customers
Released: 28th January 2013
Publisher: Scaramanga Communications

Key financial highlights:

  • In USD terms:
  • Revenue at $109.9 million (growth of 2.5% q-o-q / 6.0% y-o-y)
  • Net profit at $18.4 million (growth of 42.8% q-o-q / 51.9% y-o-y)
  • In Rupee terms
  • Revenue at 5,901 million (decline of 1.0% q-o-q / growth of 13.5% y-o-y)
  • Net profit at 988 million (growth of 36.8% q-o-q / 63.0% y-o-y)

Other highlights:

Customers:

  • 245 active customers as of 31 December  2012
  • $5 million customers increased by 4 to 21; $10 million customers increased by 1 to 9

Employees:

  • 10,952 employees as of 31 December  2012
  • Added 443 employees during the quarter on a gross basis

Major client wins:

  • An existing customer who is a leading superannuation and pension administration specialist based in APAC. Mindtree will provide development and testing services for its core applications. 
  • An existing product engineering services company that provides a cloud platform for collaboration and document sharing. Mindtree will provide product development and test automation services for its products
  • A hi-tech company in the area of designing Integrated Circuits based in APAC. Mindtree will license its Bluetooth Low Energy Solution.

Others:

  • Selected by Forbes Asia as one of the ‘200 Best under a Billion companies’.
  • Improved overall Fortune India 500 ranking to 424 from 445 last year.

Further Information

Scaramanga Communications
Peter Scaramanga
Partner
Tel: 01342 316193
Email: peter.scaramanga@scaracomms.co.uk


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