MindTree provides EBITDA guidance for FY09

MindTree on Thursday made the following announcement to the stock exchanges. A feature of MindTree's results in the current year is that EBITDA is running at record levels, while PAT has been depressed due to book provisions on account of Mark-to-Market losses. Accordingly, for the first time, in addition to the Revenue and PAT guidance, the company has decided to provide EBITDA guidance. In view of the uncertainty in the external environment and other factors such as the joining of campus hires, MindTree said it was extra cautious on the EBITDA guidance.

To read more