“As we continue to grow revenue, our sharp focus on driving profitable growth has resulted in expansion of operating margin by 2.6% and a rise in net profit by 44.7% as compared to previous quarter,” said Debashis Chatterjee, CEO & Managing Director, Mindtree.
“We continue to execute our growth strategy, proactively incubate deals by mining strategic clients and nurture a learning-led culture. The recently concluded Annual Customer Experience Survey results depict industry-leading scores, indicating our exceptional work in delivering quality services to our clients," Chatterjee added.
Among key highlights, Hi-Tech and Media grew 15.2 per cent YoY while BFSI grew 7.7 per cent YoY. Retail, CGP and Manufacturing grew 1 per cent YoY and Travel while Hospitality grew by 9.3 per cent YoY. The company's Digital business grew by 13.5 per cent YoY and EBITDA margin improved by nearly 260bps as compared to last quarter.
In US dollar terms, revenue stood at $275.2 million, up 1.5 per cent QoQ and 9.4 per cent YoY. Net profit saw a growth of 44.7 per cent on QoQ basis at $27.7 million. On YoY basis, numbers grew 3.1 per cent.