The impact of economic recession and exchange rate volatility is clearly visible in case of Mindtree’s quarterly result. The company reported a decline of 4.7% in dollar-denominated revenue on a standalone basis. On a consolidated basis, it registered a growth rate of 3.6% in dollar revenue, thanks to its Aztecsoft acquisition. The India growth story is clearly visible in case of Mindtree. The dollar revenue from India grew at around 28% quarter-on-quarter, far higher than any other geography.
Friday, January 23, 2009
Mindtree Q3 net profit declines
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