EFY Times  
Saturday, February 06, 2016

 
GO
 
 
A Landmark 15th Year For Mindtree: Revenue Crosses Half A Billion Dollars, Recommends Special Dividend And 1:1 Issue Of Bonus Shares
 
Home >> Infotech >> Trends                                                                                PRESS RELEASE
 
A Landmark 15th Year For Mindtree: Revenue Crosses Half A Billion Dollars, Recommends Special Dividend And 1:1 Issue Of Bonus Shares  
 
   
Rate this news:  (0 Votes)
Thursday, April 17, 2014 Mindtree, a global information technology services company, announced its results today for the fourth quarter and year ended March 31, 2014, as approved by its Board of Directors.






“FY14 has been a momentous year for Mindtree. We crossed half a billion dollars in revenues, USD 100 million in operating profits and INR 100 of EPS. As we celebrate this success, I would like to thank all our clients, partners, investors and Mindtree Minds for their immense faith and contribution. We have progressed well in our journey to increase our strategic relevance to our clients. We will continue to aspire to deliver superior financial performance, innovation, industry leadership in our chosen verticals, social responsibility and corporate governance” said Krishnakumar Natarajan, CEO & Managing Director, Mindtree.

Key financial highlights:

Quarter ended March 31, 2014

·In USD terms:

Revenue at $132.8 million (growth of 4.4% q-o-q / 17.4% y-o-y)

Net profit at $15.9 million (growth of 11.7% q-o-q / 8.9% y-o-y)

·In Rupee terms:

Revenue at ` 8,237 million (growth of 4.2% q-o-q / 34.5% y-o-y)

Net profit at ` 982 million (growth of 11% q-o-q / 24.5% y-o-y)

Year ended March 31, 2014

·In USD terms:

Revenue at $501.5 million (growth of 15.1%)

Net profit at $74.6 million (growth of 19.3%)

·In Rupee terms:

Revenue at ` 30,316 million (growth of 28.4%)

Net profit at ` 4,508 million (growth of 32.9%)

Other highlights:

·Clients:

207 active clients as of March 31, 2014

$5 million clients grow to 24; $1 million clients grow to 73

·Employees:

12,926 employees as of March 31, 2014

Added 397 employees during the quarter on a gross basis

Trailing 12 months attrition is at 12.7%

·Multi-year and multi-million dollar wins with leading global clients:

Leading global provider of share registry, pension administration, compliance reporting and analytics solutions. Mindtree will provide application maintenance, testing and management reporting services

Leading telecommunications company, which is an existing client. Mindtree is selected as its managed services partner for maintenance of multiple datacenters that hosts its telecom business applications

Leading global insurance company. Mindtree is chosen to provide application development & maintenance, IMS and testing services

Leading global provider of governance, risk and compliance management solutions. Mindtree will support its cloud based platform

·Awards and Recognition:

Mindtree was ranked #1 under the categories ‘Best Managed IT/Software/Technology Company in Asia’ and the ‘Best Managed Company in India’ for 2013 by Euromoney’s Annual Asia Company Ranking

Mindtree is in the top 3 ranking in India, on all categories related to Corporate Governance & Investor Relations by Asiamoney

·Issue of bonus shares:

On the occasion of our 15th anniversary and revenues crossing a significant milestone of half a billion dollars, the Board of Directors at their meeting held on April 16, 2014 recommended an issue of bonus shares in the ratio of 1:1, i.e. one additional equity share for every existing equity share. This is subject to shareholders approval. Bonus shares will be credited to the shareholders after completion of statutory formalities and within the prescribed statutory timelines

·Dividend announcement:

The Board of Directors, at its meeting held on April 16, 2014 recommended an interim dividend of 50% (` 5 per equity share of par value ` 10 each) for the quarter ended March 31, 2014. Further, the Board has recommended a final dividend of 50% (` 5 per equity share of par value ` 10 each) for the year ended March 31, 2014 and a special dividend of 50% (` 5 per equity share of par value ` 10 each) for completion of 15 years in business. If the proposed 1:1 bonus share issue is approved by shareholders prior to the date of the AGM, the final & special dividend amounts would be accordingly reduced to 25% (` 2.5 per equity share of ` 10 each)



Print Email Post Comment 
(Total Views: 548)
 
Share

 
 
Infotech News
   
SP/ Silicon Power Again Received The Highest Recognition From iF DESIGN AWARD 2016 For Three Consecutive Years
Meridian Group International Expands With Meridian IT India
Indian IT-BPM industry maintains double-digit growth
Wipro enters into 7-year deal with RSA
Ericsson Unleashes Gigabit LTE And Creates Hyperscale Cloud RAN
 
 
 
     
     
     
     
     
     
Most popular
 

Daily

Weekly

Global Wearable Technology Market - Poised To Grow At A CAGR Of Around 18.2% In The Next 5 Years - Research And Markets
Global Wearable Technology Market - Poised To Grow At A CAGR Of Around 18.2% In The Next 5 Years - Research And Markets
Team IIIT – B Wins Swiss Re 'My Personal Risk Advisor' Hackathon
Infosys to Build World's Tallest Clock Tower
The Demise of Windows Phones
7 Things Startup CEOs Are Better At Than Everyone Else
10 Interesting Interview Questions Asked In Top Tech Startups
Top 5 Hidden Tricks For Your Android Smartphone
Open Source Start-ups can get Funding from UNICEF
5 Key Qualities Of Facebook's Best Managers
Beckatt Solutions Exhibited 3D Printing Technology At The NEW 200 Foundation STEM Expo On January 28th In Warrenville, IL
IBM CEO Rometty says, '21st Century Belongs to India'
Startups Can't Get Skilled Engineers
The Upcoming KDE Neon Project
Should India Permit Apple to Import old IPhones
TRAI proposes PPP model for BharatNet
VMware gets rid of 800 Jobs
 
   

Overall

Features
5 Hidden Features In Truecaller
The next generation digital phonebook app is full of hidden tricks and features....
5 Brands That Created Buzz On Twitter In Past Week
Weekly Twitter Advertiser Index lists the brands that generate most engagement with audience using the platform....
7 Things You Didn't Know You Could Do With iPhone
Here are 7 hidden feature of iPhone. ...
10 Interesting Interview Questions Asked In Top Tech Startups
Are you eying for the dream job in USA? Here are some interesting interview questions that you might get asked....
5 Biggest Smartphone Myths Busted
Did you know that overcharging of the device does not damage the battery?...
Top 5 Hidden Tricks For Your Android Smartphone
You can customize everything on your Android smartphone. ...
5 Key Qualities Of Facebook's Best Managers
The best managers help employees to progress and grow their skills. ...
7 Things Startup CEOs Are Better At Than Everyone Else
The great entrepreneurs are the best marketeer, salesman and leader. ...
6 Tips & Tricks That Every YouTube User Should Know
The popular video streaming site has tons of hidden features....
5 Hot Upcoming Smartphone Launches Of 2016
Here are top 5 smartphones that will be launched in coming months....
Top 5 Smartphones With Great Battery Life Under Rs 12000
Here are some budget smartphones that last for day long heavy usage!...
5 Things You Should Buy To Keep Your Gadgets Clean
Here are 5 things under Rs 800 that should be part of your gadget cleaning kit....
6 Hot Tech Careers For 2016
Tech jobs are amazing. They provide you flexibility and lots of opportunities. ...
5 Must-Have Business Apps For Android Smartphones
You can boost the efficiency of your business using these apps....
5 Key Trends For Indian E-commerce In 2016
E-commerce had a great standout in the last year. This year will bring some major transformation in the industry. ...
 
  View All
Dialogue
 
Cisco Chairman keen on Manufacturing in India
EFY Times brings you some exclusive excerpts of an interview that was recently held with US-based, Cisco, executive chairman, John Chambers. ...
Chat-based bot developed by engineering graduates
Niki, developed by a group of four engineering graduates from Bangalore, now has 5,000 users, Niki - niki.ai/app - an Android (mobile) app is chat bas...
Meet Pranjal Saxena, India's 21 Year Old Electronics Wizard
Milan Ondhia of EFYTimes was in a forthright conversation with the 21 year old Pranjal Saxena from New Delhi; an aspirant at the WorldSkills meet, in ...
“We Offer Managed Document Solutions To CIO And IT Decision Makers”: Canon
Manufacturing within the country will surely reduce the cost of our devices, but manufacturing can begin only if there is the desired eco-system and w...
“One Day The End User Can Open Up A Used Battery, And Use What’s Inside As Barbecue Sauce”
Of course that is not something currently possible, but what B&B Batteries does have are some secret recipes for their very specialised battery design...
   
  View All
Videos
 
First Look: LG Optimus G
The phone sports a high-end display and comes powered by a powerful processor. ...
Create QR-Codes For Free
TEC-IT releases the freeware QR-Code Studio to provide a quick and convenient way of QR code creation for every application scenario....
DoT Secretary Shares Plans For Growth Of Telecom Sector
M.F. Farooqui has recently taken charge as secretary, Department of Telecom....
Hands-On: Sony Xperia Z
Xperia Z is Sony's first entrant model in the big-screen smartphone category. ...
Hands On: Videocon A30 Smartphone
Videocon, the consumer electronics company which is known for its refrigerators, washing machine and air-conditioner has unveiled its Android-based sm...
   
View All
   
 
IFA 2014
 
IFA 2014: LG Launches 34-Inches Curved Monitor
The company is yet to confirm price and availability of the device....
IFA 2014: Intel Launches First Core M Range Of Processors
This range of processors is tailor-made for 2-in-1 devices which include a tablet and a laptop....
MWC 2014: Tablet Lets People Feel Textures On Its Screen
Now feel what you see on your tablet, by way of ultrasonic waves....
MWC 2014: 4K Android Tablet Games To Kill Consoles, iPad
Tablet makers like Samsung want to beat the iPad by making 4K tabs. ...
MWC 2014: This Vodafone Backpack Helps Get Network In Disaster Situations
Two engineers of Vodafone New Zealand displayed the "mini" mobile network by Vodafone substructure in a backpack. ...
MWC 2014: Wilocity Chipset To Bring 'Lightening' Speed To Mobile Phones
Wilocity has developed a WiGig chipset for mobile phones that will bring lightning-fast wireless capability ...
MWC 2014: Samsung Introduces Octacore, Hexacore Chipsets
The Korean giant, Samsung unveiled two new octacore and hexacore chipsets at MWC 2014, in Barcelona. The company previously used Exynos 5 Octa 5410 ch...
   
View All
   
 
Events
 
19th Consumer Electronic Imaging Fair To Be Held On ...

View All
   
   
 
 

home archives contact us advertise with us
           
Magazines Portals Directories Events News Verticals Educational Institute  
Electronics for You
Open Source for You
Electronics Bazaar
electronicsforu.com
efytimes.com
opensourceforu.com
electronicsb2b.com
Electronics Annual Guide
EFY EXPO INDIA
EFY EXPO WEST
ELECTRONICS ROCKS
EFY Awards
OSIDAYS Expo
Electronics
Infotech
Linux & Open Source
Consumer Electronics
Science & Technology
BPO
EFY Techcenter

Educational Kits
Kitsnspares.com  
 
 
© Copyright 2016 EFY Enterprises Pvt. Ltd.
All rights reserved. Reproduction in whole or in part in any form or medium without written permission is prohibited.
Usage of the content from the web site is subject to Terms and Conditions