Mindtree reports steady business momentum in Q3
Mindtree has announced its results for the third quarter ended December 31, 2013, as approved by its Board of Directors.
“We are seeing good business momentum and traction with our clients. Our strong deal pipeline, improved client metrics, proven leadership, global right-sourcing delivery model, and ability to attract and retain talent demonstrate our confidence for a promising future. We will continue to invest in technology-led solutions as our clients are favourably responding to it by making Mindtree a significant part of their strategic initiatives” said Krishnakumar Natarajan, CEO & Managing Director, Mindtree.
Key financial highlights in rupee terms showed that the company has earned revenues at Rs. 7,906 million (growth of 2.7% q-o-q / 34% y-o-y) and net profit at Rs. 885 million (decline of 31.2% q-o-q / 10.4% y-o-y).
Other highlights include 208 active clients as of December 31, 2013 and 12,992 employees as of December 31, 2013.
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