MindTree‘s revenue for Q2 FY23 has increased by 32% YoY to ₹ 34,004 millions. Profits fell by 28% YoY to ₹ 5,087 millions. Communications, Media and Technology Segment Revenue rose by 23.3% YoY to ₹ 14,790 millions for Q2 FY 2023. Total Expenses rose by 31% YoY to ₹ 27,823 millions in Q2FY23.
Total Contract Value signed grew 61.1% YoY to $ 518 millions. EBIT grew by 27% YoY. In this quarter’s press release, management suggested that consistent growth was earned on the backs off revenue maximization and cost optimization.
To further compare this quarter’s results to the past, check out this link.
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