MindTree reports Q2 Financial Results

MindTree has announced its results for the second quarter ended September 30, 2013, as approved by its Board of Directors.

The key highlights of the financial results reveal that the company has achieved revenue at Rs.7,696 million, showing a growth of 18.8% q-o-q and 29.1% y-o-y. Net profit achieved was Rs.1,287 million (decline of 4.9% q-o-q / increase of 77.8% y-o-y).
 
Other highlights of the financial results showed that the Company had 220 active customers, as of September 30, 2013. MindTree added 1,122 employees during the quarter on a gross basis. The company had 12,941 employees, as of September 30, 2013. MindTree was selected by Microsoft as Windows Azure Circle partner.

MindTree was ranked among the top global product engineering service providers by Zinnov research and analysis.