April 16, 2015: Mindtree, a global technology services company, announced its consolidated results today for the fourth quarter and year ended March 31, 2015, as approved by its Board of Directors
“We have delivered industry leading performance with a revenue growth of 16.4% for FY15. The results validate our decision to transform Mindtree to be a valued, digital partner for our clients. In this, our expertise in agile, analytics, cloud and Internet of Things (IoT) is making deep impact. What makes us additionally happy is that our customer satisfaction levels are at a record 3-year high” said Krishnakumar Natarajan, CEO & Managing Director, Mindtree.
Key financial highlights:
Quarter ended March 31, 2015
In USD terms:
Revenue at $147.8 million (growth of 0.1% q-o-q / 11.3% y-o-y). Constant currency revenue growth of 1.8% q-o-q
Net profit at $20.7 million (decline of 9.2% q-o-q / growth of 30.5% y-o-y)
In Rupee terms:
Revenue at ₹ 9,181million (growth of 0.7% q-o-q / 11.5% y-o-y)
Net profit at ₹ 1,287 million (decline of 8.6% q-o-q / growth of 31.1% y-o-y)
Year ended March 31, 2015
In USD terms:
Revenue at $583.8 million (growth of 16.4%)
Net profit at $87.9 million (growth of 17.9%)
In Rupee terms:
Revenue at ₹ 35,619 million (growth of 17.5%)
Net profit at ₹ 5,363 million (growth of 19%)
Other highlights:
Clients:
217 active clients as of March 31, 2015
$10 million clients grow to 14; $5 million clients grow to 28
Employees:
14,202 employees as of March 31, 2015
Added 1,517 employees during the quarter on a gross basis
Trailing 12 months attrition is at 18.2%
Awards and recognition:
Mindtree featured as a ‘Major Player’ in IDC’s Marketscape for Worldwide Mobile Application Development and Testing Services 2014 Vendor Assessment
Mindtree was named the winner of the Silver Shield by ICAI Awards for Excellence for Financial Reporting for the year 2013-14
Dividend announcement:
The Board of Directors, at its meeting held on April 16, 2015 recommended a final dividend of 100% (₹ 10 per equity share of par value ₹ 10 each) for the year ended March 31, 2015. Accordingly, the cumulative dividend declared by the Board of Directors for the year ended March 31, 2015 aggregates to 170% (₹ 17 per equity share of par value ₹ 10 each)
