Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
MindTree
MindTree reported its 2QFY2012 results, which outperformed street’s as well
as our expectations on all fronts. Dollar revenue came in at US$101.3mn, up
9.5% qoq, majorly led by volume growth of 6.1% qoq and increased onsite as
well as offshore billing rates. In rupee terms, revenue came in at `457cr, up
10.6% qoq. EBITDA margin improved by 174bp qoq to 12.9% because of
higher operating leverage. PAT stood higher at `54.5cr, up 57.9% qoq, aided
by forex gain of `17cr. We continue to be positive on the stock and will be
releasing a detailed result update shortly.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
MindTree
MindTree reported its 2QFY2012 results, which outperformed street’s as well
as our expectations on all fronts. Dollar revenue came in at US$101.3mn, up
9.5% qoq, majorly led by volume growth of 6.1% qoq and increased onsite as
well as offshore billing rates. In rupee terms, revenue came in at `457cr, up
10.6% qoq. EBITDA margin improved by 174bp qoq to 12.9% because of
higher operating leverage. PAT stood higher at `54.5cr, up 57.9% qoq, aided
by forex gain of `17cr. We continue to be positive on the stock and will be
releasing a detailed result update shortly.
No comments:
Post a Comment