logo
Plus   Neg
Share
Email

Mindtree Q4 Net Profit Rises

Technology consulting and services company Mindtree reported fourth-quarter net profit of $43.3 million, an increase of 53.4% year-over-year. Fourth quarter revenue was at $288.2 million, up 3.5% year-on-year.

For the year ended March 31, 2021, the company reported net profit at $150.0 million, a growth of 69.6%. Revenue was at $1.08 billion, a decline of 1.1%.

The Board of Directors have recommended a final dividend of Rs 17.5 per equity share of par value Rs 10 each for the financial year ended March 31, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fast-food giant McDonald's said it will be raising hourly wages for more than 36,500 hardworking employees at McDonald's-owned restaurants by an average of 10 percent to make it among the industry-leading pay and benefits package. These increases, which have already begun, will be rolled out over the next several months. Biogen Inc. (BIIB) Friday said its XIRIUS study of cotoretigene toliparvovec failed to meet its primary endpoint in Phase 2/3 in patients with X-linked retinitis pigmentosa or XLRP. The company further noted that the study obtained positive trends in other pre-specified clinically relevant endpoints,... General Mills Inc. (GIS) agreed to buy Tyson Foods' (TSN) pet treats business for $1.2 billion in cash, the companies said in a statement on Friday. The transaction includes the Nudges, Top Chews and True Chews brands. General Mills will also acquire a manufacturing facility in Independence, Iowa.
RELATED NEWS
Follow RTT