ANI |
Updated: Apr 19, 2022 10:15 AM IST
Bengaluru (Karnataka) [India]/ Warren (New Jersey) [US]April 19 (ANI/PRNewswire): Mindtree, a global technology services and digital innovation company, announced its aggregate results today for the fourth quarter ended March 31, 2022, as approved by the Board of its directors.
“Our industry-leading growth through a year of rapid business and technology change demonstrates the relevance of our value proposition to rethinking businesses and driving digital transformation in size,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree.
“Our consecutive revenue growth of 5.2 percent in consistent currency made this our fifth consecutive quarter of 5 percent-plus growth in consistent currency. Our full-year revenue growth that 31.1 percent confirms our strategy to maximize rising demand by diversifying our portfolio of services, mining customers, and expanding industry partnerships.We are proud to have delivered an EBITDA margin of 20.9 per cent and PAT margin of 15.7 per cent, our highest in a decade.Our commitment to creating value for shareholders was reaffirmed by EPS of Rs 100.2, our highest- ever adjusted for shareholders. bonus, and a full year dividend of Rs 37 per share, the highest in our history.The passion of our teams and the trust of our customers will help am in an effort to deliver profitable industry -leading growth in the coming year as well. “
Key financial highlights:
The quarter ended on March 31, 2022
In USD:
Revenue was USD 383.8 million (growth of 4.8 percent qoq / 33.2 percent yoy)
Net income was USD 62.7 million (growth of 7.6 percent qoq / 44.8 percent yoy)
In INR:
Revenue was Rs 28,974 million (growth of 5.4 percent qoq / 37.4 percent yoy)
Net income was Rs 4,731 million (growth of 8.1 per cent qoq / 49.1 per cent yoy)
Year ended March 31, 2022
In USD:
Revenue was USD 1,410.8 million (growth of 31.1 percent)
Net income was USD 221.6 million (growth of 47.7 percent)
In INR:
Revenue was Rs 105,253 million (growth of 32.1 per cent)
Net income was Rs 16,529 million (growth of 48.8 per cent)
Other highlights of Q4FY22:
Clients:
276 active clients as of March 31, 2022
USD 5 million+ clients increased by 4, for a total of 56
USD 20 million+ clients increased by 5, total 14
People:
35,071 professionals as of March 31, 2022
The ensuing 12 -month attrition was 23.8 percent
Some important deals were won in Q4 FY22:
A US-based global leader in software design and services has chosen Mindtree as its strategic partner to provide product support to enhance the customer experience and optimize costs.
A Dutch multinational company has awarded Mindtree a managed contract of support services for digital marketing, ecommerce, DataOps, and IoT services.
A leading US-based managed healthcare and insurance company has chosen Mindtree as a preferred partner for digital transformation and modernization work.
A leading multinational card and payment provider selected Mindtree to consult and create a roadmap for its journey to the public cloud for transforming its superb portfolio of operations and enabling it for hybrid and multi-cloud environments. This interaction includes defining the target operational model, processes, tools, and practices.
A leading US flagship airline has signed a multiyear contract with Mindtree. As part of the contract, Mindtree will support key airline systems, including commercial, operational and enterprise IT, through business verification testing services.
Acknowledgments:
Named Leader in Everest Group’s Duck Creek Services PEAK Matrix® Assessment 2022.
Included in the FTSE4Good Emerging Markets Index series.
Recognized as a global Supplier Engagement Leader by CDP, a global non-profit that operates a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Recognized as the 2022 ServiceNow Americas Emerging Service Provider Partner of the Year.
Won the Platinum Vision Award for the company’s FY21 sustainability report in the League of American Communications Professionals ’Annual Report Competition for 2020-21.
Won Silver Shield for Excellence in Integrated Reporting in the Service Sector category at ICAI (Institute of Chartered Accountants of India) Sustainability Reporting Awards 2020-21.
Announcements:
The Board of Directors has recommended a final dividend of 270 per cent (Rs 27 per equity share of par value Rs 10 each) for the financial year ended March 31, 2022 subject to the approval of the shareholders in the Annual General Meeting.
Mindtree [NSE: MINDTREE] is a global technology and services consulting firm that enables businesses in industries to drive superior competitive advantage, customer experiences and business results through the use of digital and cloud solutions. technology.
A digital transformation partner to more than 275 of the world’s leading businesses, Mindtree brings extensive domain, technology and consulting expertise to help rethink business models, accelerate change and maximize growth. As a socially and environmentally responsible business, Mindtree is committed to growth as well as sustainability by generating long -term stakeholder value. Powered by more than 35,000 talented and entrepreneurial professionals across 24 countries, Mindtree – a company of the Larsen & Toubro Group – continues to be recognized as the best place to work. For more, please visit www.mindtree.com or @Mindtree_Ltd.
Safe harbor
Certain statements in this release regarding our future growth prospects are statements that are hopeful, involving certain risks, and uncertainties that could cause material discrepancies of our actual results compared to those in such forward-looking statements.
Conditions caused by the COVID-19 pandemic could reduce customer technology spending, affect demand for our services, delay purchasing decisions of prospective customers, and affect our ability to provide services to site consulting; all of which can affect our future earnings, margins and overall financial performance. Our operations may also be negatively affected by a range of external factors associated with the COVID-19 pandemic beyond our control. We do not promise to update any future statements that may be made from time to time by us or on our behalf.
For more information, contact: [email protected].
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