The Hindu Business Line : MindTree revenues rise 80 per cent

SOFTWARE services firm MindTree Consulting has reported a revenue of Rs 245.3 crore for year-ended March 2005, a growth of 80 per cent over previous year's Rs 136 crore.

However, the privately held company did not disclose its profit figures.

MindTree, which doubled its headcount to over 2,000 during the year, added several customers in various geographies and strengthened its relationship with existing clients such as Volvo, AIG and Unilever. "The US continued to be the biggest market. Europe made strong gains, where our revenue grew by 120 per cent. We also expanded our customer portfolios in West Asia, Japan and Asean," said Mr Krishnakumar Natarajan, President and Chief Executive Officer, IT Services, in a press release.

"We also consolidated our leadership position for Bluetooth solutions that are licensed to more than 30 leading product companies across the globe," said Mr Janakiraman S, President and CEO of MindTree's R&D services.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BPO revenues to touch $134 b in 2005: Gartner

Shorter calls to cost less as BSNL rejigs PCO biz

DoT relaxes penalty for delayed licence fee payment

MindTree revenues rise 80 per cent

Mauritius — paving the way to become a cyber island

Caritor has faith in in-house HR team

Maars Soft debenture issue

IntraNet partners FSS

Oracle tools in Gartner Quadrant

Gmail space: One, two,... Infinity?

SCR Web site on claims

Juniper targets Wi-Fi, security applications