Page 14 - Mindtree

We are not looking at further acquisitions, says Mindtree's Rostow Ravanan

The firm plans to focus on digital biz and build solution capabilities, says CEO

Mindtree shares end 4.5% lower after Q1 earnings

The company's market valuation fell by Rs 378.49 crore to Rs 8,140.51 crore

MindTree gains on share buyback plan

The board will meet on June 28, to consider a share buyback proposal.

Mindtree to consider share buyback

Mid-size IT services firm MindTree said it would look at share buyback plan, joining larger firms such as TCS, Infosys, HCL. The company has informed the BSE the proposal for a buyback would be taken up at the Board meeting on June 28. "...a meeting of the Board of Directors of the Company will be held on June 28, 2017 to inter-alia, consider the proposal to buyback the fully paid-up equity shares of the Company. Further, pursuant to Company's Code for Prevention of Insider Trading, the Trading Window of the Company will be closed from June 26, 2017 to June 30, 2017 (both the days inclusive) for the Designated Persons and others," said the Bengaluru-based company in a filing. Mindtree has a market cap of Rs 8749 crore and its share price closed Rs 1.45 or 0.28 per cent up at Rs 520.70 on the BSE on Thursday. Analysts say the company might consider a token buyback of shares, which could be worth a small percentage of the market cap. IT services companies have started opting for ...

Digital deals to offset decline in traditional services: Mindtree

Indian IT service companies have seen a major shift in technology in recent years

Amid IT job cuts, Mindtree to hire 1,400 employees in Bhubaneswar

Midsized IT company Mindtree plans to increase its headcount by 1400 at its Bhubaneswar campus in next six months."The expansion of Mindtree with additional two lakh sq ft will be completed in next six months which will have additional employment of 1,400 IT (information technology) professionals" , Electronics and Information Technology minister Chandra Sarathi Behera said here.The company's campus, Mindtree Kalinga, as it is named, is spread across 20 acres of land. It hosts the Global Learning Center and the Social Centre of the company.Behera said, Mindtree started its operation at Bhubaneswar with Global Learning Centre from September 2015 with a built up space of five lakh sq ft and having IT manpower of 900.The minister said the four major IT companies Infosys, Tech-Mahindra, Wipro and TCS have made huge expansion of their development centres in Bhubaneswar during last three years.Infosys had started its second development centre with two lakh sq ft space at InfoValley, ...

Mindtree net dips 27% to Rs 97 cr on strong rupee

Revenue dropped by 0.2% to Rs 1,318 cr

Mindtree slips 3% after 26% drop in Q3 net profit

The Bengaluru-based company posted profits of Rs 140 crore on a revenue of Rs 1,209 crore in the October to December period last year

MindTree net profit dips by 26% to Rs 103 cr on poor global business

Magnet360 in US and Bluefin in Europe operated at a margin much lower than MindTree's organic margin

We are positive on Digital business, BFSI is a concern: MindTree CEO

Interview with Rostow Ravanan

Mindtree hits 52-week low on weak Q2 earnings

The stock down 6% to Rs 452 after the company reported 23% decline in profit to Rs 95 crore for Q2FY17 sequentially.

Mindtree Q2 net up 37% at Rs 95 cr y-o-y

In US dollar terms, revenue declined by 3% q-o-q to $193 mn

Mindtree: Valuations rich despite recent correction

Headwinds for revenue and margin; stock unlikely to recover soon

Mindtree hit by project cancellations, slowing business to show lower Q2 revenue, profits

The IT firm had reported profit of Rs 123.5 crore on flattish revenues of Rs 1,327.6 crore in the quarter to June

Mindtree hits 52-week low on disappointing Q1 results

The stock slipped 7% to Rs 572, also its 52-week low on the BSE

Mindtree shares slump 7% on disappointing Q1 show

The Bengaluru-based firm's net profit stood at Rs 128.3 crore in the April-June 2015 quarter

After slow Q1, Mindtree hopes for faster growth

Company optimistic of growing ahead of industry growth average in FY17

Mindtree Q1 net dips 3.7% to Rs 123 cr

Company's revenues grew 35.8% to Rs 1,327.6 crore in the quarter under review

Mindtree co-founder Subroto Bagchi to Head Odisha's Skill body

Bagchi to get rank of Cabinet Minister and he will draw a salary of Rupees 1 per year for this role

Mindtree logs 21% rise in net in FY16

FY16 has seen industry-leading growth of 22.5% (in dollar terms) for Mindtree: Rostow Ravanan