Mid Tier services firm Mindtree Ltd will report lower revenues and profits than the April to June quarter as it sees customers cancel projects, slowing business ramp-up from key customers and expected losses in its UK subsidiary Bluefin due to slowing
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)Mindtree has slipped 7% to Rs 572, also its 52-week low on the BSE, after the company reported 7% quarter-on-quarter (QoQ) decline in consolidated
The first quarter (Q1) of FY17 was relatively soft for Mindtree even though the mid-sized IT services company said it was expecting the growth to pick up in the last two quarters which would aid it to perform ahead of the industry in the ongoing fiscal as
Mindtree shares have fallen 14 per cent in two trading sessions, of which 11.6 per cent decline was on Wednesday, vis-a-vis a flattish S&P BSE Sensex as the company trimmed its revenue growth (organic) as well as margin expectations for the March 2016
Shares of Mindtree were up nearly 3% at Rs 1,461 on the Bombay Stock Exchange after the company announced the results of the postal ballor for the resolutions which were approved by shareholders with requisite majority.
Large Indian information technology (IT) services providers are tying up with global technology hardware-centric companies to offer services in the internet of things (IoT), the connected machines space, eyeing the growing multi-billion dollar market.
MindTree is trading higher by 2% at Rs 1,433 on the BSE in an otherwise subdued market after the company reported 14.5% quarter-on-quarter (QoQ) growth in its consolidated net profit at Rs 158 crore for the quarter ended September 2015 (Q2).
Mid-sized information technology (IT) service provider Mindtree surpassed analysts’ expectation with a 15.1 per cent year-on-year rise in net profit during the July-September period at Rs 158 crore on a revenue of Rs 1,169 crore, on the back of
Shares of Mindree have gained over 1% at Rs 1,487 on the Bombay Stock Exchange (BSE), in an otherwise weak market after the company launched Global Learning and Software Delivery Center in Bhubaneshwar.
Shares of Mindtree, a leading digital transformation and services company, have soared 4.16% to Rs 1,474.50 on the Bombay Stock Exchange (BSE) in the early morning trades after the company announced that it was selected by Molnlycke Healthcare to
Shares of Mindtree were trading higher by 4% to Rs 1,277 on the BSE after the company reported a slightly better-than-expected 7.4% quarter-on-quarter growth in consolidated net profit of Rs 138 crore for the first quarter ended June 30, 2015 (Q1).
Digital seems to be the flavor of the season. After similar moves by larger peers, mid-sized information technology services company Mindtree has announced two acquisitions in the space, spending Rs 425 crore.