Wednesday, January 23, 2008

MindTree Q3 net up 10.4%

  • MindTree Consulting Ltd, a global IT and R&D services company, has reported a 10.4 per cent rise in net profit for the third quarter ended December 31, 2007, to Rs 20.81 crore. Revenues for the quarter grew by 27 per cent to Rs 1,86.5 crore .
  • The company has revised its guidance for total income this year to $186 million from $178-$180 million given at the beginning of the year.
    During the quarter, the company added 23 new clients, including two Fortune Global 500 organisations. The total client base at the end of the quarter was 190.

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