Mindtree, a global technology services, and digital transformation company announced its aggregate results today for the fourth quarter ended March 31, 2022, as approved by its Board of directors.
” Our industry-leading growth through a year of rapid change in business and technology demonstrates the relevance of our value proposition to rethinking businesses and driving digital change in size, ” he said. by Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. ” Our consecutive revenue growth of 5.2% in the same currency made it our fifth consecutive quarter of 5% -plus growth in the same currency. Our full-year revenue growth of 31.1% confirms our strategy to capitalize on 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% and PAT margin of 15.7%, our highest in a decade. Our commitment to creating value for shareholders is reaffirmed by an EPS of ₹ 100.2, our maximum adjusted for bonuses, and a full year dividend of ₹ 37 per share, the highest in our history. . The passion of our teams and the trust of our customers will help our efforts to also deliver profitable industry -leading growth in the coming year. ” Key financial highlights: The quarter ended on March 31, 2022 • In USD: • Revenue is $ 383.8 million (growth of 4.8% qoq / 33.2% yoy) • Net income is $ 62.7 million (growth of 7.6% qoq / 44.8% yoy) • In INR: • Revenue is ₹ 28,974 million ( growth of 5.4% qoq / 37.4% Net income was ₹ 4,731 million (growth of 8.1% qoq / 49.1% yoy) Year ended March 31, 2022 • In USD: • Revenue was $ 1,410.8 million (growth of 31.1%) • Net profit was $ 221.6 million (growth of 47.7%) • In INR: • Revenue was ₹ 105,253 million (growth of 32.1%) • Net income was ₹ 16,529 million (growth of 48.8%) Other highlights of Q4FY22 : • Clients: • 276 active clients as of March 31, 2022 • $ 5 million+ increased by 4, total 56 • $ 20 million+ clients increased by 5, total the 14 • People: • 35,071 professionals as of March 31, 2022 • Trained 12-month attrition was 23.8% • Several key deals won in Q4 FY22: • Selected by a US-based global leader in design software and services Mindtree as its strategic partner to provide product support to enhance the customer experience and optimize costs.
• A Dutch multinational company provided Mindtree with a managed contract of support services for digital marketing, eCommerce, DataOps, and IoT services.
• A leading US-based managed healthcare and insurance company has selected 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 multi-year 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 a Platinum Vision Award for the company’s FY21 sustainability report in the League of American Communications Professionals ’Annual Report Competition for 2020-21.
• Won the Silver Shield for Excellence in Integrated Reporting in the Service Sector category at the ICAI (Institute of Chartered Accountants of India) Sustainability Reporting Awards 2020-21.
• Announcements: • The Board of Directors has recommended a final dividend of 270% (₹ 27 per equity share of par value of ₹ 10 each) for the fiscal year ended March 31, 2022, subject to approval by shareholders at the Annual General Meeting.
About Mindtree Mindtree [NSE: MINDTREE] is a global technology and services consulting company that enables businesses across the industry to drive superior competitive advantage, customer experiences, and business results through the use of digital and cloud 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 Some specific statements in this release about our future growth prospects are forward-looking statements, which include certain risks, and uncertainties that could cause our actual results to be material different from 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].
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@investorstree. .mindtree.com Logo: https://mma.prnewswire.com/media/1004066/Mindtree_Logo.jpg
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