 "Debashis Chatterjee")
Rising demand for its services in Cloud and digital transformation deals along with deal sizes getting smaller helped mid-cap information technology (IT) services players Mindtree to see a 49 per cent year-on-year (YoY) jump in net profit in the fourth quarter of financial year 2021-22 (Q4FY22).
Net profit rose to Rs 473 crore in Q4, which represented an 8 per cent rise sequentially.
The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech. When asked about the news, Debashis Chatterjee, chief executive officer and managing director of the firm, said: “We do
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