Mindtree Reports Third Quarter 2017-18 Results | Digital Conqueror

Mindtree Reports Third Quarter 2017-18 Results

In USD terms, Net Profit rises 13.8% q-o-q / 44.1% y-o-y; Revenue grows 3.9% q-o-q / 11.5% y-o-y

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)

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