Mindtree Reports a Broad-based Double Digit Revenue Growth

Warren, New Jersey and Bangalore, India (ots/PRNewswire) -
Mindtree (http://www.mindtree.com/), a global technology services and
Digital transformation company, guiding it's clients to achieve
faster business outcomes, announced its consolidated results today
for the second quarter ended September 30, 2019 as approved by its
board of directors.

"Our second quarter performance of double digit y-o-y revenue
growth reflects our client centricity, our employees' winning spirit
and our innovation," said Debashis Chatterjee, CEO of Mindtree. "We
stay committed in strengthening our execution to invest in growth and
drive shareholder value."

Key financial highlights:

Quarter ended September 30, 2019

- Revenue at $271.0 million (growth of 2.6% q-o-q / 10.0% y-o-y)
- Constant Currency growth of 3.2% q-o-q / 11.1% y-o-y
- Net profit at $19.2 million (growth of 43.5% q-o-q/ decline of
34.1% y-o-y)

- Revenue at INR 19,143 million (growth of 4.4% q-o-q / 9.1% y-o-y)
- Net profit at INR 1,350 million (growth of 45.6% q-o-q / decline of
34.6% y-o-y)

- In USD:
- In INR:

Other highlights:

- 343 active clients as of September 30, 2019
- $5 million clients grew by 1, total 47

- 21,267 Mindtree Minds as of September 30, 2019
- Trailing 12 months attrition is 16.5%

- Automation is playing a significant role in modernizing our
technology service delivery, enhancing both efficiency and
speed-to-results for our clients. We are proud to report our BOTs
strength that autonomously work along-side our Mindtree Minds,
enabling our team to do more and accomplish larger goals
- We have 700 BOTs employed as of September 30, 2019

- Clients:
- People:
- BOTs*:

*Software that acts autonomously, free from any interference,
human or otherwise, to perform a significant task which will
otherwise be performed by a human

- Multi-year and multi-million dollar wins with leading global
clients:

New Clients:

- Mindtree to provide Cloud migration and platform engineering
initiatives for a large technology company that empowers modern
digital government with the latest in cloud technology to connect
millions of people with multiple government agencies on a single
platform across the globe
- Mindtree has been awarded strategic engagement with the largest P2P
FinTech in North American region. Client to leverage Mindtree's
expertise with manage services to run the business, and with
product development in a DevOps-focused development and operations
to enable faster time to market
- Mindtree has been chosen as a Digital Partner for a leading global
IT solutions provider to enhance their customer experience through
digital transformation services

Existing Clients:

- Mindtree has been empaneled to provide "Analytic Services" to help
client draw actionable insights in terms of strategic planning for
an existing global leader in computer software and technology
- Mindtree to provide Application management services and full range
of Enterprise Service life cycle support for an existing large
cargo company based in Europe

- Mindtree named US Leader and Global Rising Star in Consulting and
Services in the ISG Provider Lens(TM): Transformational IoT
Services - Technology, Solutions, Platforms, and Industries 2019
Quadrant Report
- Mindtree named US Rising Star in Connected Cars in the ISG Provider
Lens(TM): Transformational IoT Services - Technology, Solutions,
Platforms, and Industries 2019 Quadrant Report
- Mindtree named Leader for the Managed Services Archetype (mid-sized
deal focus) in the ISG Provider Lens(TM) Private/Hybrid Cloud Data
Center Services & Solutions 2019 Quadrant Report
- Mindtree named UK Leader in SAP Leonardo Transformation, SAP BW/4
on HANA and BW on HANA Transformation & Operations, SAP S/4HANA &
Business Suite on HANA Transformation, and SAP S/4HANA & Business
Suite on HANA Managed Services in the ISG Provider Lens(TM) SAP
Hana & Leonardo Ecosystem Partners 2019 Quadrant Report
- Mindtree named Leader, Nordics in SAP Leonardo Transformation, SAP
BW/4 on HANA and BW on HANA Transformation & Operations, and SAP
S/4HANA & Business Suite on HANA Managed Services in the ISG
Provider Lens(TM) SAP Hana & Leonardo Ecosystem Partners 2019
Quadrant Report
- Mindtree named Rising Star USA in SAP BW/4 on HANA and BW on HANA
Transformation & Operations in the ISG Provider Lens(TM) SAP Hana &
Leonardo Ecosystem Partners 2019 Quadrant Report
- Mindtree named Rising Star Global in SAP Cloud Platform Support
Services in the ISG Provider Lens(TM) SAP Hana & Leonardo Ecosystem
Partners 2019 Quadrant Report
- Mindtree has been awarded the prestigious Mother Teresa Award for
Corporate Citizen in recognition for its industry leading practices
in driving social impact

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and
services company, helping enterprises marry scale with agility to
achieve competitive advantage. "Born digital," in 1999 and now a
Larsen & Toubro Group Company, Mindtree applies its deep domain
knowledge to 350+ enterprise client engagements to break down silos,
make sense of digital complexity and bring new initiatives to market
faster. We enable IT to move at the speed of business, leveraging
emerging technologies and the efficiencies of Continuous Delivery to
spur business innovation. Operating in more than 15 countries across
the world, we're consistently regarded as one of the best places to
work, embodied every day by our winning culture made up of 21,000
entrepreneurial, collaborative and dedicated "Mindtree Minds."

To learn more about us, visit www.mindtree.com or follow us
@Mindtree_Ltd

Safe harbour

Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks, and uncertainties that could cause our actual results to
differ materially from those in such forward-looking statements. We
do not undertake to update any forward-looking statement that may be
made from time to time by us or on our behalf.

ots Originaltext: Mindtree
Im Internet recherchierbar: http://www.presseportal.de

Contact:
, contact:

INDIA
Swetha Ganesan
Mindtree
+91-9789061981 Swetha.Ganesan@mindtree.com
UNITED STATES
Erik Arvidson
Matter Communications
+978-518-4542
earvidson@matternow.com
EUROPE
Susie Wyeth
Hotwire
+44(0)207-608-4657s
susie.wyeth@hotwireglobal.com
Mindtree Limited, Global Village, RVCE Post, Mysore Road,
Bangalore-560059;
CIN: L72200KA1999PLC025564; Phone: + 91 80 6706 4000; Fax: +91 80 6706
4100;
E-mail: info@mindtree.com/investors@mindtree.com;
Website: www.mindtree.com
Logo: https://mma.prnewswire.com/media/1004066/Mindtree_Logo.jpg

Original-Content von: Mindtree, übermittelt durch news aktuell