Mindtree Quarterly Results Today - Q2FY2023 Earnings Announced! PAT jumps 27% YoY; All Details Here For Shareholders, Investors

Company Statement

“Our robust performance in the second quarter of FY23 marked a solid first half of the year,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. “We not only delivered strong revenues of USD 422.1 million, up 7.2% sequentially in constant currency, but also maintained our EBITDA margin at a healthy 21% despite wage hikes across the board, making it our seventh consecutive quarter of more than 5% revenue growth in constant currency, and eighth consecutive quarter of more than 20% EBITDA margin. Notably, with an order book of USD 518 million, our H1 signings crossed USD 1 billion for the first time in our history, thanks to our ability to help our clients address digital transformation’s dual objectives of revenue maximization and cost optimization. We owe our consistent profitable growth to the confidence that our clients and partners have placed in our vision, and to the passion of our more than 38,200 talented professionals who live and breathe that vision every day.”

Key Highlights:

In USD: o Revenue was USD 422.1 million (growth of 5.7 per cent q-o-q / 20.6 per cent y-o-y) o Net profit was  USD63.1 million (growth of 4.6 per cent q-o-q / 16.9 per cent y-o-y)

Clients:

o 276 active clients as of September 30, 2022 o  USD1 million+ clients increased by 15, total 160

 o  USD5 million+ clients increased by 3, total 61

• People:

o 38,290 professionals as of September 30, 2022

o Trailing 12 months attrition was 24.1 per cent

IT services company Mindtree reported a 27.5 per cent Year-on-Year jump in its net profit at at 5,08.7 cr for the quarter ended 30 September 2022. On Quarter-on-Quarter basis, the PAT was up by 7.9 per cent. The revenue was at Rs 3400.4 cr, which was up 8.9 per cent q-o-q and 31.5 per cent y-o-y, the company said in its filing to the exchanges. q-o-q / 27.5% y-o-y)

Mindtree Quarterly Results - Q2FY2023 Earnings Announcement on 13 October, 2022 at 19:30 hours IST.

Mindtree Quarterly Results - Q2FY2023 Earnings Announcement 

Mindtree Quarterly Results - Q2FY2023 Earnings Announcement 

FULL DETAILS for investors - Mindtree to announce Q2FY23 results on October 13, 2022 - Earnings call details

https://www.mindtree.com/sites/default/files/2022-10/Mindtree%20Results-...

Mindtree Quarterly Results - Q2FY2023 Earnings Announcement

To join the Earnings Call

https://mindtree.zoom.us/j/92339831006

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