Mindtree net profit grows 35% to Rs 191.2 cr in Dec qtr

Mid-sized IT firm Mindtree Wednesday said its consolidated net profit for the December 2018 quarter grew 35.1 per cent to Rs 191.2 crore and exuded confidence that its January-March numbers will be better than the just-concluded quarter.

Mindtree had registered a net profit of Rs 141.5 crore in the October-December 2017.

Its revenue grew 29.7 per cent to Rs 1,787.2 crore in the December 2018 quarter from Rs 1,377.7 crore in the year-ago period.

"Our consulting first approach combined with deep technology and domain expertise are helping our clients drive enterprise-wide transformations...this has also helped the company sustain its growth momentum, even in a seasonally weak quarter," Mindtree Chief Executive Officer and Managing Director Rostow Ravanan told reporters on a concall.

He added that the company continues to invest in people to further strengthen its ability to create sustainable value for all stakeholders.

The Bengaluru-based company has been in the spotlight over ...