Mindtree Reports Second Quarter 2018-19 Results

Mindtree Reports Second Quarter 2018-19 Results

PR Newswire

WARREN, New Jersey and BANGALORE, India, October 17, 2018

WARREN, New Jersey and BANGALORE, India, October 17, 2018 /PRNewswire/ --

In USD terms, Net Profit rises 24.9% q-o-q / 50.4% y-o-y;

Revenue grows 2.0% q-o-q / 19.5% y-o-y

Mindtree, a global technology services and Digital transformation company, announced its consolidated results today for the second quarter ended September 30, 2018 as approved by its board of directors.

     (Logo: https://mma.prnewswire.com/media/633364/Mindtree_Logo.jpg )

"Our deep expertise across both Digital and Run landscapes are delivering competitive advantage for our clients, while fueling Mindtree's continued growth," said Rostow Ravanan, CEO & Managing Director, Mindtree. "By investing in an 'automate-everything' platform-based approach, we are consistently driving larger deals and industry recognition. During this quarter, we also further advanced the innovation in our reskilling efforts, helping our people to succeed in the modern information economy."

Key financial highlights:  

Quarter ended September 30, 2018 

Other highlights:  

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

About Mindtree 

Mindtree [NSE: MINDTREE] is a global technology consulting and services company, helping Global 2000 corporations marry scale with agility to achieve competitive advantage. "Born digital" in 1999, more than 340 enterprise clients rely on our deep domain knowledge 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 across 17 countries, we're consistently regarded as one of the best places to work, embodied every day by our winning culture made up of 19,000 entrepreneurial, collaborative and dedicated "Mindtree Minds". To learn more, visit http://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. 

Visit us at http://www.mindtree.com.

For more information, contact:
INDIA
Swetha Ganesan
Mindtree
+91-97890-61981
Swetha.Ganesan@mindtree.com  

UNITED STATES
Erik Arvidson
Matter Communications
+1-978-518-4542
earvidson@matternow.com  

EUROPE
Susie Wyeth
Hotwire
+44(0)207-608-4657
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: http://www.mindtree.com


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