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Mindtree Profits Jump 33%

Most companies today are always looking for positive outcomes in their business. But, there are times that companies also lower their expectations like Mindtree which is an Information technology services company. This Bangalore based company is eyeing a revenue growth guidance of below 11 per cent for the current fiscal year from the initial forecast of 14% growth.

Mindtree Logo

Mindtree Logo

The Chief Officer of the company had given his statement about this and had mentioned that among the reasons for this is the slowdown of the semiconductor sector. This also is a result of the delays they are seeing in the decision making of their clients in travel and telecom space.

Last year, the company is doing well with an Rs 596 crore in their revenue and about 33% increase in their profit. This just means that the company is doing quite well with their business, but they are still expecting some downfall on their revenue for this fiscal.

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