BANGALORE, India and WARREN, N.J., July 17, 2014 /PRNewswire/ -- Mindtree, a global information technology services company, announced its results today for the first quarter ended June 30, 2014, as approved by its Board of Directors.
(Logo: http://photos.prnewswire.com/prnh/20140416/681203)
Key financial highlights:
- In USD terms:
- Revenue at $141.3 million (growth of 6.4% q-o-q / 20.1% y-o-y)
- Net profit at $21.7 million (growth of 36.7% q-o-q / decline* of 11.9% y-o-y)
- In Rupee terms:
- Revenue at INR 8,435 million (growth of 2.4% q-o-q / 30.2% y-o-y)
- Net profit at INR 1,294 million (growth of 31.5% q-o-q / decline* of 4.4% y-o-y)
*Due to large forex gain in Q1 of FY2013-14 as a result of the market swing during that quarter
Other highlights:
- Clients:
- 206 active clients as of June 30, 2014
- $5 million clients grow to 26; $1 million clients grow to 75
- Employees:
- 12,845 employees as of June 30, 2014
- Added 516 employees during the quarter on a gross basis
- Trailing 12 months attrition is at 14.2%
- Multi-year and multi-million dollar wins with leading global clients:
- One of the world's largest broadcasting companies: Mindtree will provide digital and testing services for this existing client
- Leading food manufacturing company: Mindtree is the global digital marketing partner for all of its digital properties
- Leading pediatric nutrition company: Mindtree is the lead digital marketing developer for its global web platform project
- Leading Semiconductor company: Mindtree is a "Preferred Supplier" for its managed services
- Awards and Recognition:
- Scott Staples, President, Sales was recognized as the Regional Entrepreneur of the Year by Ernst & Young. Among a field of outstanding competitors, Scott was honored for his dedication, brilliance, courage and leadership
- Mindtree ranked #33 in the Global Outsourcing 100 List by IAOP. Mindtree is among the top list climbers and is among the Top 20 leaders in Retail & Consumer Goods, Financial Services (Insurance), Technology (Hardware & Software), Information/Communication Technology Services
