Global technology services and digital transformation company Mindtree released a statement saying that the third quarter ended December 31, 2020 was the best one in recent years.
"Our third quarter has by far been the best performing in recent years backed by broad-based revenue growth of 5 per cent across our verticals and service lines, robust margin expansion of 350bps, and a healthy order book of $312 million," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree.
"We are witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities. We continue to capitalize on the evolving market dynamics with solutions that help enterprises navigate the new normal and grow their businesses. Thanks to the strategic focus and hard work of our Mindtree Minds, we are now well positioned to continue delivering profitable growth."
For the quarter ended December 2020, revenue was at $274.1 million (growth of 5 quarter on quarter and decline of 0.4 per cent year on year. Net profit was at $44.2 million, a growth of 28.6 per cent quarter on quarter and 59.3 per cent year on year.
Mindtree has 276 active clients with 8 new clients being added during the quarter.
Source: IANS
