Bangalore based Mindtree has announced its third quarter result for fiscal year 2015 today on 19th January 2015. Net Profit for the quarter ending 31st December 2014 has gone up by 2.5% quarter-on-quarter and 58.6% year-on-year to Rs 1408 million compared to Rs 888 million of Q3 FY2014 and Rs 1374 million of Q2 FY2015.
Total revenue for Q3 FY2015 is at Rs 9117 million compared to Rs 7906 million of Q3 FY2014. Revenue during the third quarter is increased by 2.6% quarter-on-quarter and 15.3% year-on-year.
Revenue contribution from US market has gone up from last Q3 FY2014 figures of 57.6% to 63.1%. Revenue from Europe market has been declined to 24.2% compared to 28.3% of Q3 FY2014 and 26.1% of Q2 FY2015.
“Our clients continue to look at Mindtree as their partner of choice for Digital Transformation, all the way from innovation to rapid execution. Our ability to drive significant optimization in our chosen verticals, in IT and application management, remains a strong foundation for delivering sustained value to our clients. Together with digital, the Mindtree story is becoming stronger than ever before” said Krishnakumar Natarajan, CEO & Managing Director, Mindtree.
During the quarter one client has been added to $50 million category. With this total active client of Mindtree as on 31st December 2014 is 201.
1,016 employees are added during the quarter on a gross basis to take the total count to 13323 employees as of 31st December 2014. Net additions for third quarter FY 2015 is 305.
Mindtree’s Total utilization ratio including trainee is at 71.8% for the quarter ending 31st December 2014.
The board has declared interim dividend of Rs 4 per equity share of par value of Rs 10 each (40%) for Q3 FY2015.
Basic EPS for the third quarter FY 2015 is 16.81 compared to 10.66 of same quarter last fiscal year. Diluted EPS is 16.74 compared to 10.58 of same quarter last fiscal year.