Shailesh Saraf | May 15, 2019 17:21
MindTree Ltd (NS:MINT) is an international Information Technology consulting and implementation company that delivers business solutions through global software development. It caters to industries like Banking, Consumer technology, Manufacturing, Capital Markets, Enterprise Technology, Transportation & Logistics, Retail, Education and so on. Companies offer services in the area of Operations, IT Consulting, Digital, Engineering and R&D, Enterprise Software and Products.
Mindtree in its Press Release on 7th May,19 has announced that it has launched QuikDeploy to Accelerate SAP S/4HANA, an IP-driven approach to helping customers maximize their use of the SAP Solution Manager. This flexible industry accelerator is tailor-made to rapidly deploy SAP S/4HANA® into Microsoft (NASDAQ:MSFT) Azure cloud. On 17th April,19, it released that Mindtree Crossed $1 Billion in Annual Revenue. It was also awarded for Best Compliance Practices.
The following numbers were released by the company showing its performance, year on year basis
There is an increase in Operating Profit by CAGR 9.07% in FY19, in last 3 years. Whereas Total Income from Operations has increased by 28.53% from last.
Profit before tax has increased by 32.94% from last year. Whereas PAT has increased by 21.68% in FY19 from last 3 years. Company has a good ROE of 22.80% in FY19.
Consolidated Income Statement (in Cr.):
Financials as per Quarter ended March 31, 2019
There is an addition in a number of employees by 20,204 as of 31st March 2019, increased by 14.2% and deployed 576 BOTs as of 31st March 2019.
Based on the above and other key fundamentals, Dynamic Levels has “BUY VALUE STOCK” recommendation for Mindtree.
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Written By: Shailesh Saraf
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