Mindtree Q2 outcomes: Internet revenue up 57.2% to Rs 399 crore

PUNE: Mid-size IT providers agency reported a internet revenue of Rs 398.9 crore for the quarter ended September 30, 2021, up 57.2 per cent. The corporate’s income was up 34.3 per cent to Rs 2586.2 crore.

In greenback phrases, internet revenue was up 57.3 per cent at $54 million and revenues had been up 34.1 per cent at $350.1 million. The L&T group firm additionally introduced an interim dividend of Rs 10 per fairness share.

“We’re happy to report yet one more excellent quarter of all-round efficiency,” stated Debashis Chatterjee, Chief Government Officer and Managing Director, Mindtree.

“Our revenues within the second quarter had been $350.1 million, up 12.7 per cent sequentially and 34.1 per cent year-over-year, which was our highest YoY development for 1 / 4 in a decade. We maintained EBITDA margin at 20.5 per cent whereas making aggressive investments in additional increasing our area, digital and management capabilities, geographic footprint, and hyperscaler partnerships.”

The entire variety of lively shoppers stood at 263 on the finish of the quarter, with a complete addition of 30 new shoppers, of which 5 had been within the $10 million class, and three over $5million. The entire headcount on the finish of the quarter was 29,732 and attrition was at 17.7 per cent.

“The broad-based momentum and development outlook throughout all verticals, service strains and geographies attest to our operational rigor and sharp give attention to being a trusted enterprise transformation companion to our shoppers. Due to the disciplined execution of our technique, and the dedication of Mindtree Minds, we’re well-positioned to capitalize on the sturdy demand atmosphere and ship worthwhile, industry-leading development in FY22,” he stated.