Bengaluru (Karnataka) [India], October 13 (ANI/PRNewswire): Mindtree, a global technology services and digital transformation company, announced its consolidated results today for the second quarter that ended September 30, 2022, as approved by its Board of directors. "Our robust performance in the second quarter of FY23 marked a solid first half of the year," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. "We not only delivered strong revenues of USD 422.1 million, up 7.2 per cent sequentially in constant currency, but also maintained our EBITDA margin at a healthy 21 per cent despite wage hikes across the board, making it our seventh consecutive quarter of more than 5 per cent revenue growth in constant currency, and eighth consecutive quarter of more than 20 per cent EBITDA margin. Notably, with an order book of USD 518 million, our H1 signings crossed USD 1 billion for the first time in our history, thanks to our ability to help our clients address digital transformation's dual objectives of revenue maximization and cost optimization. We owe our consistent profitable growth to the confidence that our clients and partners have placed in our vision, and to the passion of our more than 38,200 talented professionals who live and breathe that vision every day." Key financial highlights: Quarter ended September 30, 2022 - In USD: - Revenue was USD 422.1 million (growth of 5.7 per cent q-o-q / 20.6 per cent y-o-y) - Net profit was USD 63.1 million (growth of 4.6 per cent q-o-q / 16.9 per cent y-o-y) - In INR: - Revenue was Rs 34,004 million (growth of 8.9 per cent q-o-q / 31.5 per cent y-o-y) - Net profit was Rs 5,087 million (growth of 7.9 per cent q-o-q / 27.5 per cent y-o-y) Other highlights: - Clients: - 276 active clients as of September 30, 2022 - USD 1 million+ clients increased by 15, total 160 - USD 5 million+ clients increased by 3, total 61 - People: - 38,290 professionals as of September 30, 2022 - Trailing 12 months attrition was 24.1 per cent - Some key deals won in Q2 FY23: - A leading financial institution in Europe selected Mindtree as its sole technology partner to accelerate digital transformation spanning data, process, and technology over the next four years. - A Swedish security products company selected Mindtree as its primary IT partner and signed a five-year managed services deal, as part of which, Mindtree will deliver global cloud and digital workplace transformation services to drive digitalization and standardization across the company. - A leading digital marketing and loyalty management company selected Mindtree for a multiyear deal involving application support, testing, and infrastructure management services across its customer-facing and enterprise applications for improving business agility, responsiveness, and outcomes. - A leading European travel technology company selected Mindtree as a preferred partner to support and execute its transformation program, and provide managed services encompassing end-to-end customer applications built using more than ten technologies. - A leading hyperscaler selected Mindtree to provide multiyear managed cloud infrastructure and cybersecurity services globally. - A global vacation experiences company selected Mindtree as a strategic partner for its transformation program aimed at driving competitive differentiation in the leisure travel marketplace. As part of this multiyear engagement, Mindtree is implementing an integrated CRM platform that the company's marketing, sales, and services organizations can leverage globally. - A global asset manager selected Mindtree as its preferred IT partner for a multiyear application maintenance and support program to help it drive business transformation and optimization by leveraging Mindtree's extensive experience of working with the world's top asset management organizations. - A leading multinational pharmaceutical and biotechnology company selected Mindtree as its innovation partner of choice to support its metaverse program. - Recognitions: - Named a Leader in the U.S. in ISG Provider Lens report on Google Cloud Partner Ecosystem 2022 for Implementation and Integration Services, Data Analytics, and Machine Learning; also named a Rising Star in the U.S. for Managed Services and SAP Workloads. - Named a Major Contender in Everest Group's Industry 4.0 Services PEAK Matrix Assessment 2022. - Named a Major Contender in Everest Group's System Integration (SI) Capabilities on Microsoft Azure Services PEAK Matrix Assessment 2022. - Named a Major Contender in Everest Group's Connected Medical Devices Services PEAK Matrix Assessment 2022. - Named a Major Contender in Everest Group's Multi-Cloud Application Development Services PEAK Matrix Assessment 2022. - Named a Star Performer and a Major Contender in Everest Group's Data and Analytics (D&A) Services PEAK Matrix Assessment 2022. - Named a Major Contender in Everest Group's Industry 4.0 Services PEAK Matrix Assessment 2022. - Named a Major Contender in Everest Group's Adobe Services PEAK Matrix Assessment 2022. Won two Brandon Hall Group Human Capital Management Excellence Awards 2022 for best social talent acquisition strategy and best advance in managing a remote workforce. - Certified as a Great Place to Work in India for the second consecutive year for building a High-Trust, High-Performance Culture - Named by Great Place to Work Institute as one of India's Best Workplaces for Women for the second consecutive year - Honored with the Women in Sustainability Award at the ESG World Summit and GRIT Awards 2022 in Singapore Mindtree (NSE: MINDTREE) is a global technology consulting and services company that enables enterprises across industries to drive superior competitive advantage, customer experiences and business outcomes by harnessing digital and cloud technologies. A digital transformation partner to more than 275 of the world's most pioneering enterprises, Mindtree brings extensive domain, technology and consulting expertise to help reimagine business models, accelerate innovation and maximize growth. As a socially and environmentally responsible business, Mindtree is focused on growth as well as sustainability in building long-term stakeholder value. Powered by more than 38,200 talented and entrepreneurial professionals across 24 countries, Mindtree -- a Larsen & Toubro Group company -- is consistently recognized among the best places to work. For more, please visit www.mindtree.com or @Mindtree_Ltd. Safe harbor Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer's technology spending, affecting demand for our services, delaying prospective customers' purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. For more information, contact: media@mindtree.com. This story has been provided by PRNewswire. ANI will not be responsible in any way for the content in this article. (ANI/PRNewswire)
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Quarter That Ended September 30 , 022 , S Approved By Its Board Of Directors Quot Our Robust Performance In The Second Quarter Fy23 Markeda Solid First Half Year , Uot Said Debashis Chatterjee , Chief Executive Officer And Managing Director , Indtree Quot We Not Only Delivered Strong Revenues Of Usd 422 1 Million , P 7 2 Per Cent Sequentially In Constant Currency , Ut Also Maintained Our Ebitda Margin Ata Healthy 21 Per Cent Despite Wage Hikes Across The Board , Aking It Our Seventh Consecutive Quarter Of More Than 5 Per Cent Revenue Growth In Constant Currency , Nd Eighth Consecutive Quarter Of More Than 20 Per Cent Ebitda Margin Notably , Ith An Order Book Of Usd 518 Million , Ur H1 Signings Crossed Usd 1 Billion For The First Time In Our History , Hanks To Our Ability Help Clients Address Digital Transformation 39s Dual Objectives Of Revenue Maximization And Cost Optimization We Owe Consistent Profitable Growth The Confidence That Partners Have Placed In Vision , Nd To The Passion Of Our More Than 38 , 200 Talented Professionals Who Live And Breathe That Vision Every Day Quot Key Financial Highlights Quarter Ended September 30 , 022 In Usd Revenue Was 422 1 Million Growth Of 5 7 Per Cent Qoq 20 6 Yoy Net Profit 63 4 16 9 Inr Rs 34 , 004 Million Growth Of 8 9 Per Cent Qoq 31 5 Yoy Net Profit Was Rs , 087 Million Growth Of 7 9 Per Cent Qoq 27 5 Yoy Other Highlights Clients 276 Active As September 30 , 022 Usd 1 Million Clients Increased By 15 , Otal 160 Usd 5 Million Clients Increased By 3 , Otal 61 People 38 , 290 Professionals As Of September 30 , 022 Trailing 12 Months Attrition Was 24 1 Per Cent Some Key Deals Won In Q2 Fy23a Leading Financial Institution Europe Selected Mindtree As Its Sole Technology Partner To Accelerate Digital Transformation Spanning Data , Process , Nd Technology Over The Next Four Yearsa Swedish Security Products Company Selected Mindtree As Its Primary It Partner And Signeda Five Year Managed Services Deal , S Part Of Which , Indtree Will Deliver Global Cloud And Digital Workplace Transformation Services To Drive Digitalization Standardization Across The Companya Leading Marketing Loyalty Management Company Selected Mindtree Fora Multiyear Deal Involving Application Support , Testing , Nd Infrastructure Management Services Across Its Customer Facing And Enterprise Applications For Improving Business Agility , Responsiveness , Nd Outcomesa Leading European Travel Technology Company Selected Mindtree Asa Preferred Partner To Support And Execute Its Transformation Program , Nd Provide Managed Services Encompassing End To Customer Applications Built Using More Than Ten Technologiesa Leading Hyperscaler Selected Mindtree Multiyear Cloud Infrastructure And Cybersecurity Globallya Global Vacation Experiences Company Asa Strategic Partner For Its Transformation Program Aimed At Driving Competitive Differentiation In The Leisure Travel Marketplace As Part Of This Engagement , Indtree Is Implementing An Integrated Crm Platform That The Company 39s Marketing , Sales , Nd Services Organizations Can Leverage Globallya Global Asset Manager Selected Mindtree As Its Preferred It Partner Fora Multiyear Application Maintenance And Support Program To Help Drive Business Transformation Optimization By Leveraging 39s Extensive Experience Of Working With The World Top Management Organizationsa Leading Multinational Pharmaceutical Biotechnology Company Innovation Choice Metaverse Recognitions Nameda Leader In Us Isg Provider Lens Report On Google Cloud Ecosystem 2022 For Implementation Integration , Nd Machine Learning Also Nameda Rising Star In The Us For Managed Services And Sap Workloads Major Contender Everest Group 39s Industry 4 0 Peak Matrix Assessment 2022 System Integration Si Capabilities On Microsoft Azure Connected Medical Devices Multi Cloud Application Development Performer Anda Data Analyticsd Ampa Adobe Won Two Brandon Hall Human Capital Management Excellence Awards Best Social Talent Acquisition Strategy Advance Managinga Remote Workforce Certified Asa Great Place To Work India Second Consecutive Year Buildinga High Trust , Igh Performance Culture Named By Great Place To Work Institute As One Of India 39s Best Workplaces For Women The Second Consecutive Year Honored With In Sustainability Award At Esg World Summit And Grit Awards 2022 Singapore Mindtree Nse Isa Global Technology Consulting Services Company That Enables Enterprises Across Industries Drive Superior Competitive Advantage , Ustomer Experiences And Business Outcomes By Harnessing Digital Cloud Technologiesa Transformation Partner To More Than 275 Of The World 39s Most Pioneering Enterprises , Indtree Brings Extensive Domain , Echnology And Consulting Expertise To Help Reimagine Business Models , Ccelerate Innovation And Maximize Growth Asa Socially Environmentally Responsible Business , Indtree Is Focused On Growth As Well Sustainability In Building Long Term Stakeholder Value Powered By More Than 38 , 200 Talented And Entrepreneurial Professionals Across 24 Countries , Indtreea Larsen Amp Toubro Group Company Is Consistently Recognized Among The Best Places To Work For More , Lease Visit Www Mindtree Com Or Ltd Safe Harbor Certain Statements In This Release Concerning Our Future Growth Prospects Are Forward Looking , Hich Involvea Number Of Risks , Nd Uncertainties That Could Cause Our Actual Results To Differ Materially From Those In Such Forward Looking Statements The Conditions Caused By Covid 19 Pandemic Decrease Customer 39s Technology Spending , Ffecting Demand For Our Services , Elaying Prospective Customers 39 Purchasing Decisions , Nd Impacting Our Ability To Provide On Site Consulting Services All Of Which Could Adversely Affect Future Revenue , Argin And Overall Financial Performance Our Operations May Also Be Negatively Affected Bya Range Of External Factors Related To The Covid 19 Pandemic That Are Not Within Control We Do Undertake Update Any Forward Looking Statement Made From Time By Us Or On Behalf For More Information , Ontact Media Mindtree Com This Story Has Been Provided By Prnewswire Ani Will Not Be Responsible In Any Way For The Content Article ,
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