Mindtree Q2 web revenue rises 88% to Rs 253.7 cr

2020/10 15 12:10

IT agency Mindtree on Thursday reported a 87.9 per cent rise in consolidated web revenue to Rs 253.7 crore for the September 2020 quarter.

The corporate had posted a web revenue of Rs 135 crore within the corresponding interval final yr, Mindtree stated in a regulatory submitting.

The Bengaluru-based firm noticed its income develop marginally to Rs 1,926 crore within the quarter from Rs 1,914.three crore within the year-ago interval, it added.

In greenback phrases, its web revenue rose 79.2 per cent to $34.three million, whereas income declined three.7 per cent to $261 million within the September 2020 quarter over the year-ago interval.

On the finish of the September 2020 quarter, the corporate’s energetic consumer base stood at 283, and eight new purchasers have been added throughout the quarter, the submitting stated.

Mindtree had 21,827 workers on the finish of the September quarter with trailing 12-months attrition at 13.eight per cent.

“I’m happy and inspired with our efficiency in delivering a broad-based progress.

“Our method of redefining potentialities within the new regular for companies enabled us to ship a balanced H1 (first half of the fiscal) efficiency,” Mindtree Chief Government Officer and Managing Director Debashis Chatterjee stated.

The board of administrators has declared an interim dividend of Rs 7.5 per fairness share.

Additionally learn: Mindtree rejigs technique, to concentrate on giant accounts


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