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Mindtree Q1 net up 41.4% to Rs 92.7 cr, confident of growth in FY20

Mindtree's revenues rose 11.9 per cent to Rs 1,834.2 crore in the quarter as compared with Rs 1,639.5 crore in the year-ago period

Mindtree
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Mindtree

Press Trust of India New Delhi
Mid-sized IT firm Mindtree Wednesday posted a 41.4 per cent rise in consolidated net profit to Rs 92.7 crore for the quarter ended June 30.

The Bengaluru-based firm had registered a net profit of Rs 158.2 crore in the year-ago period, it said in a statement.

Mindtree's revenues rose 11.9 per cent to Rs 1,834.2 crore in the quarter as compared with Rs 1,639.5 crore in the year-ago period.

Sequentially, the net profit fell 53.3 per cent from Rs 198.4 crore in March quarter, while revenue declined marginally from Rs 1,839.4 crore in the fourth quarter.

In dollar terms, the

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