Mindtree Reports Strong Fourth Quarter and Year End Results

BANGALORE, India and WARREN, NJ, April 18, 2018  :  Mindtree, a global technology services and digital transformation company, guiding its 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 all-time high, setting the benchmark in our industry,” said 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 sweet-spot.”

Key financial highlights :

Quarter ended March 31, 2018

  • In INR:
    • Revenue at Rs. 14,640 million (growth of 6.3%)
    • Net profit at Rs. 1,822 million (growth of 28.8%)

Year ended March 31, 2018

  • In Rupee terms:
    • Revenue at Rs. 54,628 million (growth of 4.3%)
    • Net profit at Rs. 5,701 million (growth of 36.2%)

Other highlights:

  • Clients :
    • 338 active clients as of March 31, 2018
  • People:
    • 17,723 Mindtree Minds as of March 31, 2018
    • Trailing 12 months attrition is 12.5%
  • BOTs :
    • 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.
    • We have 335 BOTs employed as of March 31, 2018
  • Multi-year and multi-million dollar wins with leading global clients:
    • 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
    • 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
    • Providing cutting-edge analytics using SAP HANA to deliver customer insights for a large automotive company in the UK
    • 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:
    • Awarded the 2018 Adobe Experience Business Award for excellence in Omni-channel Experience Management
  • Announcements
    • The Board of Directors at its meeting held on April 18, 2018, have declared an interim dividend of 20% (Rs. 2 per equity share of par value Rs. 10 each) and recommended a final dividend of 30% (Rs. 3 per equity share of par value Rs. 10 each) which is subject to approval of shareholders.
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