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Tuesday 18 October 2011

MindTree more than doubled its profits

 MindTree more than doubled its profits for the division concluded September 30, advertence its acknowledgment to advantageous advance afterwards one of its founders abdicate added than six months back. For the aboriginal time in its history, the aggregation clocked revenues of $ 100 actor in a individual quarter.
Mindtree exhausted analyst expectations and appear a 58 % consecutive access in profits at Rs 54.5 cr. Revenues grew 10.5 % to 456.7 cr in rupee terms. In the antecedent quarter, Mindtree's revenues had developed by 5.6% sequentially to Rs 413.1 crore.
The company, which added 15 new audience and 1,003 advisers in the quarter, is giving out an acting allotment of 25%.

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