LTIMindtree Ltd. Reports 11% Sequential Net Profit Growth in Q1
Mindtree Ltd.’s net profit rose 11% sequentially in the first quarter of this fiscal to Rs 1,254 crore, compared to Rs 1,129 crore in the year-ago period, as per the consolidated results announced by the company on Thursday.
The bottomline reported by the IT firm aligns with analysts’ expectations tracked by Bloomberg.
Mindtree’s revenue saw a slight increase during the quarter to Rs 9,841 crore from Rs 9,772 crore in the same period last year. This also matched the estimates.
