Technology services and Digital transformation outfit, Mindtree has reported growth of more than ten percent.
Mindtree CEO & Managing Director Rostow Ravanan said that despite shedloads of uncertainties this year, the company had delivered stable results.
“This quarter saw us achieve an all-time high contract closure which sets the pace for the rest of the year. While the external factors pose some challenges, nonetheless our focussed strategy and strong client relationships make us confident of delivering above Industry growth rates in I 2020 as well.”
The company reported revenue of $264.2 million, which was a growth of 9.4 percent on the same time last year. Its net profit at $13.4 million, which was 42.7 percent on last year.
Revenue grew 11.9 per cent on last year, and net profit fell by 41.4 percent y-o-y. The company had 346 active clients as of June 30, 2019, and has 20,935 staff,
Automation is playing a significant role in modernising our technology service delivery, enhancing both efficiency and speed-to-results for our clients. We are proud to report our BOTs strength that autonomously works along-side our Mindtree Minds, enabling our team to do more and accomplish larger goals, Ravanan said.
