New Delhi: Mindtree, a global technology services and digital transformation company, announced its consolidated results today for the first quarter-ended June 30, 2020.
Year on year, Mindtree saw it’s net profits rise 129.8 % to ₹ 213 crore for the quarter.
For the same period, the IT services company saw it’s revenues grow 4.1 % to ₹ 1,908.8 crore.
“We closed the quarter with a healthy order book of USD 391M despite the global headwinds due to Covid-19 pandemic. Our unwavering focus on operational efficiencies has helped us to post a healthy EBITDA of 18.2%,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. “With our client-first approach, future-ready talent coupled with increase in digital demand, we are confident to strengthen our position in the market and drive profitable growth in these unprecedented times,” he added.
According to Mindtree, in terms of order book, Q1 has been a satisfying quarter. Against the backdrop of a very challenging business environment globally, our order book continues to be healthy, we continue to renew as well as gain market share within our portfolio.
