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Q4 preview: IT firms may witness seasonally weak quarter; revenue, margins likely muted

In its preview research report, ICICI Direct analysts said that Q4 is seasonally weak for IT companies on account of fewer working days, some additional furloughs in January. ....

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Mindtree Q4 net profit climbs 54% to Rs 317.3 crore

Its net profit was at Rs 206.2 crore in the year-ago period, Mindtree said in a statement.
The Bengaluru-based company s revenue increased by 2.9 per cent to Rs 2,109.3 crore in the fourth quarter of the current fiscal. It stood at Rs 2,050.5 crore in the same period a year ago.
In dollar terms, the net profit was up 53.4 per cent at $43.3 million while revenue was higher by 3.5 per cent at $288.2 million compared to the year-ago period.
We are proud to deliver another strong quarter, driven by significant traction in our client portfolio globally, leading to revenue growth of 5.2 per cent, EBITDA of 21.9 per cent, and an order book of $375 million at the end of Q4, Mindtree chief eecutive officer and managing director Debashis Chatterjee said. ....

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