EFY Times  
Wednesday, November 25, 2015

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:


207 active clients as of March 31, 2014

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


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: 513)

Infotech News
Case Study Launched On ‘World Of Difference’Corporate Responsibility Programme Of Vodafone Foundation In India
Konica Minolta Wins Good Design Award For A3 Monochrome MFP
Infosys Finacle Teams With Oracle To Offer Finacle On Oracle Cloud
Inshorts Launches ‘Insiders’ - A Community For Its Power Users
NetApp 3X Performance Guarantee Targets All-Flash Workloads
Most popular



Renesas Electronics Announces World’s First Sub-Gigahertz Band Wireless Solutions For CTBU Compliant With Wi-SUN Standard
15 Toughest Questions Asked In Apple Interview
6 Things You May Not Know About Google Nexus 5X
6 Reasons Snapdragon 820 Will Change Smartphones In 2016
Top 5 Personal Safety Apps For Emergency Situations
Here's How You Can Get New Google+
8 Hidden Features Of iOS 9
Top 5 Phones With 3GB RAM Under Rs 15,000
Top 10 Interesting Facts About Microsoft Windows
Smartphone makers may soon sell directly online
Visual Studio now supports debugging Linux apps
KPMG bets on cheap solar energy to power India
Google appoints Diane Greene to head cloud push
Netflix launches Open-Source Spinnaker For AWS
RInfra bags 12 of 32 licences for Defence manufacturing
Infosys completes acquisition of Noah Consulting
eBay brings ‘Black Friday’ sale in India


13 Run Prompt Shortcuts That You Must Know
Run commands can save lot of your time and help you troubleshoot, customize your Windows....
5 Most Powerful People In Tech World
Here are some personalities, who are most influential in technology landscape....
Top 5 Products Open Sourced By Tech Giants
Releasing internal products to the open-source community is the new trend followed by technology giants....
Top 10 Interesting Facts About Microsoft Windows
World's largest operating system just turned 30 years old....
Top 5 Phones With 3GB RAM Under Rs 15,000
Here are top 5 affordable performance phones that you can buy today....
8 Hidden Features Of iOS 9
Find out 8 interesting things you didn't know you could do with your iPhone....
Here's How You Can Get New Google+
Google has pushed a newly designed version of it's social networking platform for users....
15 Toughest Questions Asked In Apple Interview
Eying for your dream job at Apple? Find out how many questions you can answer....
6 Things You May Not Know About Google Nexus 5X
Google's latest flagship Nexus device starts at Rs 31,900/-...
6 Reasons Snapdragon 820 Will Change Smartphones In 2016
The chip manufacturing industry leader, Qualcomm has unveiled it's next generation smartphone processor....
Top 5 Personal Safety Apps For Emergency Situations
Here are five simpler ways to get help in panic situations....
5 Reasons To Delete Your Facebook Account
How concerned are you about your online privacy?...
Top 5 Android Smartphones That You Can Buy Today!
Looking to buy mid-range Android smartphone? Here are your top 5 choices....
5 Biggest Misconceptions About Facebook
Internet is full of myths about biggest social network on the planet. ...
10 Words Only Googlers Understand!
The tech giant has it's own symbolic language....
  View All
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...
We Wish To Procure All The LED Components Within India: Avni Energy
G. Gururaja, director, Avni Energy Solutions Pvt Ltd, shares his views about the expanding LED industry in the Indian market and the company's plans i...
We Have Registered 50 Per Cent Growth In The Last Two Years: Arihant Lighting
Apart from LEDs, Arihant is associated with the promotion of renewable energy in India and therefore, manufactures various energy saving products....
  View All
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
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
Electronics Annual Guide
EFY Awards
Linux & Open Source
Consumer Electronics
Science & Technology
EFY Techcenter

Educational Kits
© Copyright 2015 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