/C O R R E C T I O N -- Mindtree/

·6 min read

In the news release, Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of ₹17.5 per share, issued 16-Apr-2021 by Mindtree over PR Newswire, we are advised by the company that under the heading "Quarter ended March 31, 2021," the fourth bullet point should read "Net profit at ₹3,173 million (decline of 2.8% q-o-q / growth of 53.9% y-o-y)" rather than "Net profit at ₹3,173 million (decline of 2.8% q-o-q / 53.9% y-o-y)" as originally issued inadvertently. The complete, corrected release follows:

Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of ₹17.5 per share

BANGALORE, India and WARREN, N.J., April 16, 2021 /CNW/ -- 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 ended March 31, 2021, as approved by its board of directors.

Mindtree_Logo
Mindtree_Logo

"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 ₹17.5 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:

  • In INR:

Year ended March 31, 2021

  • In USD terms:

  • In Rupee terms:

Other highlights:

  • Clients:

  • People:

  • Q4 deal wins with leading global clients:

  • Recognitions:

  • Announcements

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. "Born digital," in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 270 enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in 24 countries across the world, we're consistently regarded as one of the best places to work, embodied every day by our winning culture made up of over 23,800 entrepreneurial, collaborative and dedicated "Mindtree Minds."

To learn more about us, visit www.mindtree.com or follow us @Mindtree_Ltd

Safe harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer's technology spending, affecting demand for our services, delaying prospective customers' purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

For more information, contact: media@mindtree.com

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;
CIN: L72200KA1999PLC025564; Phone: + 91 80 6706 4000; Fax: +91 80 6706 4100;
E-mail: info@mindtree.com/investors@mindtree.com; Website: www.mindtree.com

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/mindtree-reports-robust-revenue-growth-of-5-2-q-o-q-in-usd-recommends-final-dividend-of-17-5-per-share-301270606.html

SOURCE Mindtree

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/April2021/16/c8374.html