logo
  

Mindtree Q1 Net Profit Rises; Revenue Down 4.1% - Quick Facts

Mindtree Limited (MINDTREE), a global technology consulting and services company, reported first quarter net profit of $28.3 million, an increase of 111.7% year-over-year. EBITDA was $46.1 million compared to $26.5 million, a year ago. Revenue was at $253.2 million, down 4.1% from last year.

"We closed the quarter with a healthy order book of $391 million despite the global headwinds due to Covid-19 pandemic," said Debashis Chatterjee, CEO and Managing Director, Mindtree.

The company has 292 active clients as of June 30, 2020 with 6 new clients added during the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port. Affco USA is recalling around 24,461 pounds of frozen raw lamb shoulder products that were not presented for import re-inspection into the U.S., the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves the frozen raw lamb shoulder items that were imported on July 12, 2021. American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount...
RELATED NEWS
Follow RTT