Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of INR17.5 per share
Bangalore, India and Warren, N.j. (ots/PRNewswire) - Mindtree
(http://www.mindtree.com/) , 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 ended March 31,
2021, as approved by its board of directors.
"We are proud to deliver another strong quarter, driven by significant traction
in our client portfolio globally, leading to revenue growth of 5.2%, EBITDA of
21.9%, and an order book of $375 M at the end of Q4. Our journey of profitable
growth and seamless delivery during the pandemic year has been made possible by
the resilience of Mindtree Minds, the commitment of our leadership team, and
above all, the continued support of our clients," said Debashis Chatterjee,
Chief Executive Officer and Managing Director, Mindtree. "The final dividend of
INR17.5 per share announced today reinforces Mindtree's commitment to enhance
shareholder value. For the year, we delivered revenues of $1,076.5 M and margin
expansion of 680 bps, while increasing our order book by 12.3%. As we enter
FY22, we are confident that continued client demand for our transformative
services, a strong order book, and our strategic investments position us well to
deliver double digit growth and sustain EBITDA above 20%."
(http://www.mindtree.com/) , 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 ended March 31,
2021, as approved by its board of directors.
"We are proud to deliver another strong quarter, driven by significant traction
in our client portfolio globally, leading to revenue growth of 5.2%, EBITDA of
21.9%, and an order book of $375 M at the end of Q4. Our journey of profitable
growth and seamless delivery during the pandemic year has been made possible by
the resilience of Mindtree Minds, the commitment of our leadership team, and
above all, the continued support of our clients," said Debashis Chatterjee,
Chief Executive Officer and Managing Director, Mindtree. "The final dividend of
INR17.5 per share announced today reinforces Mindtree's commitment to enhance
shareholder value. For the year, we delivered revenues of $1,076.5 M and margin
expansion of 680 bps, while increasing our order book by 12.3%. As we enter
FY22, we are confident that continued client demand for our transformative
services, a strong order book, and our strategic investments position us well to
deliver double digit growth and sustain EBITDA above 20%."
Key financial highlights:
Quarter ended March 31, 2021
- In USD:
- Revenue at $288.2 million (growth of 5.2% q-o-q / 3.5% y-o-y) Net
profit at $43.3 million (decline of 1.9% q-o-q / growth of 53.4%
y-o-y)
- In INR:
- Revenue at INR21,093 million (growth of 4.2% q-o-q / 2.9% y-o-y)
Net profit at INR3,173 million (decline of 2.8% q-o-q / 53.9%
y-o-y)
Year ended March 31, 2021
- In USD terms:
- Revenue at $1,076.5 million (decline of 1.1%) Net profit at $150.0
million (growth of 69.6%)
- In Rupee terms:
- Revenue at INR 79,678 million (growth of 2.6%) Net profit at INR
11,105 million (growth of 76.0%)
Other highlights:
- Clients:
- 270 active clients as of March 31, 2021 $5 million clients grew by
1, total 44
- People:
- 23,814 Mindtree Minds as of March 31, 2021 Trailing 12 months
attrition is 12.1%
- Q4 deal wins with leading global clients:
- Mindtree partnered with one of the leading electronic retailers to
realize their omni-channel vision for their users Mindtree signed
a multiyear engagement with a global leader in design and
manufacturing of household appliances to transform the online
retail experiences of their users For a Germany-based leader in
building materials and construction systems company, Mindtree will
Quarter ended March 31, 2021
- In USD:
- Revenue at $288.2 million (growth of 5.2% q-o-q / 3.5% y-o-y) Net
profit at $43.3 million (decline of 1.9% q-o-q / growth of 53.4%
y-o-y)
- In INR:
- Revenue at INR21,093 million (growth of 4.2% q-o-q / 2.9% y-o-y)
Net profit at INR3,173 million (decline of 2.8% q-o-q / 53.9%
y-o-y)
Year ended March 31, 2021
- In USD terms:
- Revenue at $1,076.5 million (decline of 1.1%) Net profit at $150.0
million (growth of 69.6%)
- In Rupee terms:
- Revenue at INR 79,678 million (growth of 2.6%) Net profit at INR
11,105 million (growth of 76.0%)
Other highlights:
- Clients:
- 270 active clients as of March 31, 2021 $5 million clients grew by
1, total 44
- People:
- 23,814 Mindtree Minds as of March 31, 2021 Trailing 12 months
attrition is 12.1%
- Q4 deal wins with leading global clients:
- Mindtree partnered with one of the leading electronic retailers to
realize their omni-channel vision for their users Mindtree signed
a multiyear engagement with a global leader in design and
manufacturing of household appliances to transform the online
retail experiences of their users For a Germany-based leader in
building materials and construction systems company, Mindtree will