Mindtree Q1 net profit rises 61% to Rs 343 cr; revenue up 20%

In dollar terms, Mindtree's revenue grew 7.7% sequentially and profit was up by 7.5%

IT firm Mindtree on Tuesday reported net profit at Rs 343.4 crore for the quarter ended June 30, 2021, an increase of 61.2 per cent year-on-year, and sequentially profits grew 8.2 per cent. A broad based growth across verticals and geographies saw the company’s revenue rise by 20.1 per cent at Rs 2,291.7 crore for the quarter. Sequentially, the company’s revenue was up 8.6 per cent.

In dollar terms, Mindtree’s revenue grew 7.7 per cent sequentially and profit was up by 7.5 per cent. 

“We are pleased to report a strong start to FY22 with broad-based first-quarter growth across all