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Mindtree Net Profit Falls 27% In March Quarter

In dollar terms, net profit fell 25.9 per cent to $14.4 million, while revenue grew marginally to $195.6 million. Software services firm Mindtree on Thursday posted a decline of 26.8 per cent in consolidated net profit at Rs. 97.2 crore for the quarter ended March 31. The firm had posted a net profit of Rs. 132.7 crore for the corresponding period a year ago, it said in a statement. Consolidated revenue fell marginally to Rs. 1,318.1 crore in January-March from Rs. 1,320.3 crore a year ago. In dollar terms, net profit fell 25.9 per cent to $14.4 million, while revenue grew marginally to $195.6 million. Constant currency growth stood at 2 per cent quarter-on-quarter. For the year ended March 31, net profit declined 24.2 per cent to Rs. 418.6 crore, while revenue was up 12.1 per cent to Rs. 5,236.4 crore as against the previous fiscal year. The company had 328 active clients as of March 31. Its total headcount stood at 16,470 at the end of the said quarter. The trailing 12...
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