Mindtree Q4 net profit up 4% to Rs 206 crore, flags coronavirus concerns

Mid-tier IT services company Mindtree on Friday reported inline performance in the fourth quarter ended March 2020 (Q4FY20), though the firm joined its bigger peers in flagging slowdown concerns this financial year owing to the Covid-19 crisis.
 

For Q4FY20, Mindtree posted a net profit of Rs 206.2 crore, a rise of 3.9 per cent year-on-year basis and 4.7 per cent sequentially.

Revenues of the firm grew 11.5 per cent to Rs 2,050.5 crore during this period. Revenues were at $278.4 million, a 1.9 per cent rise in constant currency term over the previous quarter. Operating margin of the Bengaluru-headquartered