Mindtree Q3 profit up 34% YoY to Rs 438 cr, rises 9.7% sequentially

Attrition for the quarter rose to 21.9%, from 17.7% the preceding quarter

Mid-cap IT services provider Mindtree reported profit of Rs 437.5 crore for the third quarter of FY22, an increase of 34 per cent y-o-y and up 9.7 per cent sequentially.

Revenue grew 35.9 per cent to Rs 2,750 crore in the Q3 of FY22, revenue were up 6.3 per cent q-o-q.

Mindtree’s third quarter performance reflected the strong growth momentum that the top three players showcased on Wednesday in their results in a seasonally weak quarter.

“We are pleased to have continued our positive revenue momentum through the third quarter of FY22 on the back of robust demand, aggressive customer