Mindtree, a global Digital transformation and technology services company, announced its consolidated results today for the third quarter ended December 31, 2017 as approved by its board of directors.
Key financial highlights:
Quarter ended December 31, 2017
- In USD:
o Revenue at $214.3 million (growth of 3.9% q-o-q / 11.5% y-o-y)
o Net profit at $22 million (growth of 13.8% q-o-q / 44.1% y-o-y)
- In INR:
o Revenue at ₹ 13,777 million (growth of 3.5% q-o-q / 6.4% y-o-y)
o Net profit at ₹ 1,415 million (growth of 13.4% q-o-q / 37.2% y-o-y)
Other highlights:
Clients:
o 344 active clients as of December 31, 2017
People:
o 17,200 Mindtree Minds as of December 31, 2017
o Trailing 12 months attrition is 12.6%
Multi-year and multi-million dollar wins with leading global clients:
- Providing digital transformation, quality assurance and technology operations services for a leading Industry association in the education sector
- Providing managed services for a leading technology company
- Anchor Digital partner for an enterprise-wide transformation initiative for a large beauty care company
- Implementing ShotClasses, Mindtree’s employee-training and micro-learning platform, for a leading consumer goods company
- Migrating SAP ERP and BI solutions to SAP HANA for a large commercial vehicle retailer in the US
Awards and Recognition:
- Mindtree named a “Rising Star” in Public Cloud Infrastructure Consulting and Implementation Services, Public Cloud Infrastructure Managed Services and Public Cloud SAP Services by Information Services Group (ISG)
- Mindtree’s SAP Practice wins the SAP Gold Quality Award in United Kingdom for workforce planning using SAP Business Planning & Consolidation suite
- Mindtree positioned as a leader in the Zinnov Zones for Product Engineering Services 2017
- Mindtree named among the Large System Integrators for Agile and DevOps services by Gartner
Announcements
- The board of directors at its meeting held on January 17, 2018 have recommended an interim dividend of 20% ( ₹ 2 per equity share of par value ₹ 10 each)
