Software services provider MindTree has reported a growth of 115.31% YoY and 13.7% QoQ in its net profit at Rs 68.9 crore for the fourth quarter of FY12.
Consolidated income from operations increased 34.53% YoY and just 1.2% QoQ to Rs 526 crore in the quarter ended March 2012.
The company reported consolidated forex loss at Rs 4 crore as against loss of Rs 2.5 crore QoQ.
MindTree will pay Rs 1.50/share as final dividend.
In a press conference, the company sees uncertain global environment and currency volatility as risks, but said it would beat industry revenue growth in FY13.
It has hired (gross) 502 employees in the January-March quarter and added four new clients.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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