Conference Call with MindTree Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Mindtree Reports Strong All-Round Performance in Q2 FY22 Revenues up 12.7% sequentially; YoY revenue growth highest for a quarter in a decade Highlights: In USD: Revenue was $350.1 million (growth of 12.7% q-o-q / 34.1% y-o-y) Net profit was $54.0 million (growth of 16.0% q-o-q / 57.3% y-o-y) In INR: Revenue was Rs 25,862 million (growth of 12.9% q-o-q / 34.3 % y-o-y) Net profit was Rs 3,989 million (growth of 16.2% q-o-q / 57.2 % y-o-y) “We are pleased to report yet another outstanding quarter of all-round performance,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. “Our revenues in the second quarter were $350.1 million, up 12.7% sequentially and 34.1% year-over-year, which was our highest YoY growth for a quarter in a decade. We maintained EBITDA margin at 20.5% while making aggressive investments in further expanding our domain, digital and leadership capabilities, geographic footprint, and hyperscaler partnerships. The broad-based momentum and growth outlook across all verticals, service lines and geographies attest to our operational rigor and sharp focus on being a trusted business transformation partner to our clients. Thanks to the disciplined execution of our strategy, and the dedication of Mindtree Minds, we are well-positioned to capitalize on the strong demand environment and deliver profitable, industry-leading growth in FY22.” Result PDF