Mindtree, a technology services company, announced that its consolidated net profit for the three months ended March rose 87.5% year-on-year to ₹1,822 million on large deal wins, according to a BSE filing. The firm’s revenue grew 11.1% to ₹14,640 million in the same period.
Mindtree was awarded its largest single contract to date by an existing customer, in the airline industry in the U.S., according to the filing. “Under this contract, Mindtree has been given the full ownership of the QA [quality assurance] function and is working with the client to radically redefine the QA function.”
The company has extended its presence into the infrastructure management area for a partner and an existing customer in the enterprise software product segment and was awarded a multi-year, multi-million dollar opportunity.
During the fourth quarter, it also got a contract for providing cutting-edge analytics for a large automotive company in the U.K. and an existing airline client in the U.S. had chosen Mindtree as a strategic partner to support application development, maintenance and quality assurance services.
‘Healthy start’
“We ended the year on a strong note, and seeing that momentum creating a healthy start to our new fiscal year. It’s especially heartening that our client satisfaction ratings reached an all-time high, setting the benchmark in our industry,” Rostow Ravanan, CEO & MD, Mindtree, said in the filing.
“The further success of our large deal focus reflects the need for Global 2000 businesses to marry large scale with agility.”
