Mindtree reports 31.5% YoY rise in revenue
Mindtree registered a strong growth with a 31.5% year-on-year growth in its revenue from a year earlier to ₹3,400 crore
With the arrival of the earnings season, most of the major IT firms have revealed their Q2 earnings results this week. Apart from Infosys, Investors will be keenly waiting for the Q2 results of Mindtree, Cyient, Anand Rathi, Angel One, and other firms to be announced on Thursday.
Cyient registered nominal revenue growth in Q2
Indian multinational tech giant Cyient recorded ₹516.6 crore of revenue generation in the second quarter vs ₹508.8 crore revenue in the previous one. Its employee cost has grown sequentially by ₹27.9 crore to ₹302.20 crore in Q2 from ₹274.30 crore in Q1.
Mindtree reports 7% of quarterly rise in revenue in Q2
The global technology services company, Mindtree registered a strong growth with a 7.2% sequential rise in its revenue at $422.1 million. The company has also maintained healthy EBITDA margin at 21% despite wage hikes. The company has been showing more than 5 % revenue growth in constant currency for last seven consecutive quarters.
Cyient shows a slow start ahead of Q2 results
Cyient shares fell 1.58% at ₹768.30 on BSE ahead of the announcement of its Q2 earnings result.
- Top Gainers
- Top Losers
- 52 Week High