Bangalore: Mindtree, a global technology services and digital innovation company, announced its consolidated results today for the fourth quarter ended March 31, 2022, as approved by its Board of directors.
Key financial highlights:
The quarter ended on March 31, 2022
o Revenue was $ 383.8 million (growth of 4.8% qoq / 33.2% yoy)
o Net income was $ 62.7 million (growth of 7.6% qoq / 44.8% yoy)
o Revenue was ₹ 28,974 million (growth of 5.4 % qoq / 37.4 % yoy)
o Net income was ₹ 4,731 million (growth of 8.1 % qoq / 49.1 % yoy)
Year ended March 31, 2022
o Revenue was $ 1,410.8 million (growth of 31.1%)
o Net income was $ 221.6 million (growth of 47.7%)
o Revenue was ₹ 105,253 million (growth of 32.1%)
o Net income is ₹ 16,529 million (growth of 48.8%)
Other highlights of Q4FY22:
or 276 active clients as of March 31, 2022
or $ 5 million+ clients increased by 4, total 56
or $ 20 million+ clients increased by 5, total 14
or 35,071 professionals as of March 31, 2022
or 23.8% trailing 12 months attrition
- Some important deals were won in Q4 FY22:
o A US-based global leader in software design and services has selected Mindtree as its strategic partner to provide product support to enhance the customer experience and optimize costs.
o Dutch multinational company awarded Mindtree a managed contract of support services for digital marketing, ecommerce, DataOps, and IoT services.
o A leading US-based managed healthcare and insurance company has selected Mindtree as a preferred partner for digital transformation and modernization work.
o 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.
o 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.
o Named Leader in Everest Group’s Duck Creek Services PEAK Matrix® Assessment 2022.
o Included in the FTSE4Good Emerging Markets Index series.
o 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.
o Recognized as the 2022 ServiceNow Americas Emerging Service Provider Partner of the Year.
o 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.
o 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.
o The Board of Directors has recommended a final dividend of 270% (₹ 27 per equity share of par value ₹ 10 each) for the fiscal year ended March 31, 2022 subject to shareholders ’approval in Annual General Meeting.