MindTree Q4 Results 2010: 3.8% QoQ growth

MindTree Ltd. has announced their 2010 Q4 results. The revenue grew by 3.8% QoQ (Quarter over Quarter) in Rupee terms while in Dollar terms, it grew by 5.7% QoQ. PAT increased by 1.3% QoQ in the former and by 3.2% QoQ in the later. The result report also mentioned that there has been an addition of 27 new customer in the last Quarter.

MindTree has published the result on their website and you can find the link here. You can find the consolidated financial highlights for the financial year 2009-2001 on the link given. As per the March 31st report, there has been 258 active customers and this number includes 40 Global 500 companies.

As far as customer satisfaction is concerned, as per a survey conducted in 2009, 90% of the MindTree customers have rated their service 4 out of 5 on overall satisfaction. This is a pretty good figure and MindTree officials are very satisfied with this quarter results.

“We are pleased with our financial performance in 2009-10 which was an exceedingly challenging year for businesses globally. We are confident that with the uptick in market momentum in recent months, MindTree will grow faster than the growth projected for the Indian IT industry in 2010-11.” said MindTree CEO & MD Krishnakumar Natarajan, announcing the result today.

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