MINDTREE - SECOND QUARTER RESULTS (SEPTEMBER,2014) - REVENUE UP 15.5%;NPT UP 6.8% YoY

MINDTREE

SECOND QUARTER RESULTS

(SEPTEMBER,2014)

Mindtree , a global technology services company, announced its results for the second quarter ended September 30, 2014.

Key financial highlights :

In USD terms :

O Revenue at $147.05 million (growth of 4.1% q-o-q /18.6% y-o-y)

O Net profit at $22.74million (growth of 4.9% q-o-q /9.7% y-o-y)

In Rupee terms :

O Revenue at `8,886 million (growth of 5.3% q-o-q /15.5% y-o-y)

O Net profit at `1,374million ( growth of 6.2% q-o-q /6.8% y-o-y)

Other highlights:

 Clients :

O 200 active clients as of September 30,2014

O $30 million clients grow to 4;  $20 million clients grow to 7;  $ 5million clients grow to 27 

Employees:

O 13,018 employees as of September 30, 2014

O Added 810 employees during the quarter on a gross basis

O Trailing 12 months attrition is at 15.7%

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

·       World leader in computer software and technology. Mindtree will provide data analytics services for this existing client

·       Leading global insurance company. Mindtree will provide managed services to support underwriting  applications for this existing client

·       Leading global automobile company. Mindtree will provide digital support services for this existing client

Dividend announcement:

O Recommended an interim dividend of 30% ( `3per equity share of par value `10 each) for the quarter  ended September 30, 2014

 “Our deep expertise in Digital and Infrastructure services has led to continued opportunities to help our clients differentiate their business. Our strategy of becoming a leader in digital solutions is continuing to bear fruit and has contributed to another strong growth quarter for Mindtree” said Krishnakumar Natarajan, CEO & Managing Director, Mindtree.

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