Mindtree Ltd has posted results for the third quarter ended 31st December, 2012.
Its net profit stood at Rs988mn, while Q3 sales stood at Rs5.90bn.
Key financial highlights:
In USD terms:
Revenue at $109.9 million (growth of 2.5% q-o-q / 6.0% y-o-y)
Net profit at $18.4 million (growth of 42.8% q-o-q / 51.9% y-o-y)
In Rupee terms:
Revenue at Rs5,901 million (decline of 1.0% q-o-q / growth of 13.5% y-o-y)
Net profit at Rs988 million (growth of 36.8% q-o-q / 63.0% y-o-y)
Other highlights:
Customers:
245 active customers as of December 31, 2012
$5 million customers increased by 4 to 21; $10 million customers increased by 1 to 9
Employees:
10,952 employees as of December 31, 2012
Added 443 employees during the quarter on a gross basis
Major client wins:
An existing customer who is a leading superannuation and pension administration specialist based in APAC. Mindtree will provide development and testing services for its core applications.
An existing product engineering services company that provides a cloud platform for collaboration and document sharing. Mindtree will provide product development and test automation services for its products
A hi-tech company in the area of designing Integrated Circuits based in APAC. Mindtree will license its Bluetooth Low Energy Solution.
Others:
Selected by Forbes Asia as one of the ‘200 Best under a Billion companies’.
Improved overall Fortune India 500 ranking to 424 from 445 last year.