October 20, 2020

Mindtree Q1 outcomes: Web revenue greater than doubles to Rs 213 crore

New Delhi: IT agency Mindtree on Tuesday reported a 129.eight per cent rise in consolidated internet revenue at Rs 213 crore for the June 2020 quarter.

The corporate had posted a internet revenue of Rs 92.7 crore in the identical interval final yr, Mindtree stated in a regulatory submitting.

The Bengaluru-based firm noticed its income develop 4.1 per cent to Rs 1,908.eight crore within the quarter beneath overview from Rs 1,834.2 crore within the year-ago interval, it added.

In greenback phrases, internet revenue rose 111.7 per cent to USD 28.three million, whereas income declined by 4.1 per cent to USD 253.2 million within the June 2020 quarter over the year-ago interval.

On the finish of June 2020 quarter, the corporate’s energetic shopper base stood at 292, and 6 new shoppers have been added in the course of the quarter, the submitting stated.

Mindtree had 21,955 workers on the finish of the June quarter with trailing 12-months attrition at 16.6 per cent.

“We closed the quarter with a wholesome order ebook of USD 391 million regardless of the worldwide headwinds because of the COVID-19 pandemic. Our unwavering deal with operational efficiencies has helped us to publish a wholesome earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) of 18.2 per cent,” Mindtree CEO and Managing Director Debashis Chatterjee stated.

With a client-first strategy, future-ready expertise coupled with enhance in digital demand, Mindtree is assured of strengthening its place out there and driving worthwhile development in these unprecedented occasions, he added.