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Consecutive revenue growth of 5.2% in the same currency; Full -year revenue rose 31.1%; Decade-high year-round EBITDA and PAT margins; Announces the highest dividend for the whole year
BANGALORE, India and WARREN, NJ, April 18, 2022 / PRNewswire /-Mindtree, a global technology services and digital innovation company, announced its aggregate results today for the fourth quarter ended in March 31, 2022, as approved by its Board of 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% in the same currency made this our fifth consecutive quarter of 5% -plus growth in the same currency. Our full year revenue growth that 31.1% 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 % and PAT margin of 15.7%, our highest in a decade.Our commitment to creating value for shareholders is reaffirmed by EPS of ₹ 100.2, our highest- ever 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 us in our efforts to deliver profitable growth that nan will lead the industry in the coming year as well. ”
Key financial highlights:
The quarter ended on March 31, 2022
• In USD:
• Revenue was $ 383.8 million (growth of 4.8% qoq / 33.2% yoy)
• Net income was $ 62.7 million (growth of 7.6% qoq / 44.8% yoy)
• In INR:
• Revenue was ₹ 28,974 million (growth of 5.4 % qoq / 37.4 % yoy)
• 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 income 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+ clients increased by 4, total 56
• $ 20 million+ clients increased by 5, total 14
• People:
• 35,071 professionals as of March 31, 2022
• 23.8% trailing 12 months attrition
• Some important deals won in Q4 FY22:
• A US-based global leader in software design and services selected Mindtree as its strategic partner to provide product support to enhance the customer experience and optimize costs.
• Dutch multinational company 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 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 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 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 recommended a final dividend of 270% (₹ 27 per equity share of par value of ₹ 10 each) for the financial year ended March 31, 2022 subject to shareholders ’approval at the Annual General Meeting.
About Mindtree
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 @MindtreeLtd.
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].
Mindtree Limited,
Global Village, RVCE Post,
Mysore Road, Bangalore-560059
CIN: L72200KA1999PLC025564
Phone: +91 80 6706 4000
Fax: +91 80 6706 4100
E-mail: [email protected]/[email protected]
Website: www.mindtree.com
Logo: https://mma.prnewswire.com/media/1004066/MindtreeLogo.jpg
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