March 31, 2018
Mindtree, a global technology services and Digital
transformation company, guiding it’s clients to achieve faster business outcomes, announced its
consolidated results today for the fourth quarter and year ended March 31, 2018 as approved by its
board of directors.
“We ended the year on a strong note, and seeing that momentum creating a healthy start to
our new fiscal year. It’s especially heartening that our client satisfaction ratings reached an alltime
high, setting the benchmark in our industry.” Rostow Ravanan, CEO & Managing
Director, Mindtree. “Our enduring strategic investments in expertise for Domain, Digital and
Run are clearly recognized by the market. The further success of our large deal focus reflects
the need for Global 2000 businesses to marry large scale with agility. Mindtree is in that sweetspot.”
Key financial highlights:
Quarter ended March 31, 2018
In USD:
o Revenue at $226.2 million (growth of 5.5% q-o-q / 15.6% y-o-y)
o Net profit at $28.2 million (growth of 27.9% q-o-q/ 95.2% y-o-y)
In INR:
o Revenue at ₹ 14,640 million (growth of 6.3% q-o-q / 11.1% y-o-y)
o Net profit at ₹ 1,822 million (growth of 28.8% q-o-q / 87.5% y-o-y)
Year ended March 31, 2018
In USD terms:
o Revenue at $846.8 million (growth of 8.6%)
o Net profit at $88.4 million (growth of 41.8%)
In Rupee terms:
o Revenue at ₹ 54,628 million (growth of 4.3%)
o Net profit at ₹ 5,701 million (growth of 36.2%)
Other highlights:
Clients:
o 338 active clients as of March 31, 2018
o $25 million clients grow by 1, total of 4
o $10 million clients grow by 2, total of 17
o $5 million clients grow by 1, total of 38
o $1 million clients grow by 4, total of 118
People:
o 17,723 Mindtree Minds as of March 31, 2018
o Trailing 12 months attrition is 12.5%
BOTs*:
o Automation is playing a significant role in modernizing our technology service delivery,
enhancing both efficiency and speed-to-results for our clients. We are proud to report our
BOTs strength that autonomously work along-side our Mindtree Minds, enabling our team to
do more and accomplish larger goals.
o We have 335 BOTs employed as of March 31, 2018
*Software that acts autonomously, free from any interference, human or otherwise, to perform a significant
task which will otherwise be performed by a human
Multi-year and multi-million dollar wins with leading global clients:
o Mindtree was awarded its largest single contract to date by an existing customer, in the
airline industry in the USA. Under this contract, Mindtree has been given the full ownership
of the QA function and is working with the client to radically redefine the QA function
o For a partner and an existing customer in the enterprise software product segment,
Mindtree extended its presence into the Infrastructure Management area with a
differentiated value proposition and was awarded a multi-year, multi-million dollar
opportunity
o Providing cutting-edge analytics using SAP HANA to deliver customer insights for a large
automotive company in the UK
o An existing airline client in the USA has chosen Mindtree as a strategic partner to support
application development, maintenance and quality assurance services, as part of their IT
transformation initiative
Awards and Recognition:
o Awarded the 2018 Adobe Experience Business Award for excellence in Omni-channel
Experience Management
Announcements
o The Board of Directors at its meeting held on April 18, 2018, have declared an interim
dividend of 20% (₹ 2 per equity share of par value ₹ 10 each) and recommended a final
dividend of 30% (₹ 3 per equity share of par value ₹ 10 each) which is subject to approval of
shareholders.
About Mindtree
Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to
execution, enabling Global 2000 clients to outperform the competition. “Born digital,” Mindtree takes an
agile, collaborative approach to creating customized solutions across the digital value chain. At the
same time, our deep expertise in infrastructure and applications management helps optimize your IT
into a strategic asset. Whether you need to differentiate your company, reinvent business functions or
accelerate revenue growth, we can get you there. Visit www.mindtree.com to learn more.
Visit us at www.mindtree.com. For more information, contact:
INDIA
Divya Jain
Value360 Communications
+91 99997 04100
Divya@value360india.com
EUROPE
Susie Wyeth
Hotwire
+44 (0) 207 608 4657
susie.wyeth@hotwireglobal.com
Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;
CIN: L72200KA1999PLC025564; Phone: + 91 80 6706 4000; Fax: +91 80 6706 4100;
E-mail: info@mindtree.com/investors@mindtree.com; Website: www.mindtree.com
