EFY Times  
Thursday, March 05, 2015

 
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
 
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: 397)
 
Share

 
 
Infotech News
   
MWC 2015: Jolla Announces Sailfish OS 2.0 Along With A New Tablet!
TCS IT Quiz For Engineering Students Set To Begin From 14 March
Apple Is The Largest Vendor Of 4G Smartphones And Tablets In India!
Phones And Websites Are Vulnerable To Hackers, Courtesy Outdated Encryption Keys!
Freescale Steers Auto Industry Closer To The First Crash-Less Car
 
 
 
     
     
     
     
     
     
Most popular
 

Daily

Weekly

Oracle Advances Vision For Enterprise Big Data
Informatica Modernizes Data Management With Cisco To Fuel New Business Insights
Now Store 50,000 Songs In Google Play Music Cloud Locker
Apple iPhone 6, iPhone 6 Plus See Price-Cuts In India
Avnet Technology Solutions And Delta Energy Systems Partner To Deliver Cleaner, Greener UPS Solutions In Australia
Union Budget 2015-16: Key Highlights
Red Hat Introduces OpenShift Commons Community To Drive Innovation In Open Source Platform-As-A-Service
MWC 2015 Round-Up: What's In Store From Sony, Asus, LG And Lenovo!
Intel XDK All-In-One HTML5 Development Environment
WhatsApp Web Can Now Be Accessed On Firefox And Opera Browsers Too!
Microsoft Lumia 640, A 4G Budget Smartphone Spotted!
PHP vs JavaScript (Node.js): Which Is Better And Why!
10 Programming Languages To Learn In 2015 To Secure An IT Job!
Lenovo Website Hacked, Lizard Squad Claims Responsibility
MWC 2015: Microsoft Intros Lumia 640, 640 XL Smartphones
Cuberox – A Linux-Powered Computer Inside A Cube With Six Displays!
 
   

Overall

Features
5 Reasons To Choose Linux Mint Over Ubuntu!
Linux Mint is more recommended over Ubuntu by experts and here are five reasons for the same....
9 Ways To Learn How To Code!
Programming is a fun learning process if you are following the right path. Here are nine ways to teach yourself how to code....
Top 5 YouTube Downloader Tools For Ubuntu
Here are five easier ways to download YouTube videos on Ubuntu....
Top 10 Best Paying IT Job Titles For 2015
Here are top ten job titles in IT that pay over $90,000 per annum....
10 Programming Languages To Learn In 2015 To Secure An IT Job!
Are you looking for a job in IT? Here is the list of programming languages that you must know to crack the job in 2015....
Top 8 CAD Apps For Linux!
Looking for fully-functional CAD software for Linux? Here are eight best suggestions for you....
Top 5 Bit Torrent Clients For Ubuntu Users!
Are you looking for Bit Torrent client for Ubuntu? Here are the top 5 clients that you should consider using....
6 Most Common Java Performance Problems
Java performance is an issue of interest for all Java application developers. Here are top six most common Java performance issues....
6 Best Chrome Apps To Boost Your Productivity At Work!
Here we have brought you a list of great Chrome apps which can certainly increase web productivity while at work....
Key Differences Between Comparator And Comparable In Java
Even though both interfaces are used for comparison, there are some difference between them. Here are six major differences between the two important ...
9 Factors Why Bugzilla Is The Best Bug Tracking Tool
Here is why developers should consider using Bugzilla for squashing bugs....
7 Sublime Text Packages For Front End Developers
Here are seven best sublime text editors for front end developers....
6 Ways How Hackers Can Exploit IoT Products
IoT (Internet of Things) seems attractive but, it is not very secure. Here are six ways it can be the next biggest target of hackers!...
9 Characteristics Of A Bad Software Engineer
Are you a software engineer? Make sure that you don't possess following qualities in you....
8 Worst Phishing Scams Of All Time!
Here are the worst phishing scams which are also the most famous ones....
 
  View All
Dialogue
 
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....
“Elcom Plans To Build A New State Of The Art R&D And Manufacturing Unit In Maharashtra", Reveals MD Girish V Vaze
Starting out as a small business to cater to the industry’s need for import substitutes, Elcom International has grown to be a leader in the field of ...
Delta Magnets Ltd To Enter Into JV With Chinese Company!
The company had partnered with TDK Japan for technology transfer to manufacture magnets in India....
"Littelfuse Is Growing At Around 20-25 Per Cent In India And Expect That To Continue", Predicts VP Deepak Nayar
On the electronics side, Littelfuse has registered an 8-10 per cent growth, year on year....
10 Questions That Google Never Asks While Hiring!
Here is a list of 10 questions that Google just banned from their interviews....
   
  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 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