IT services firm Mindtree announces Q2 results; shows an unimpressive profit

Mindtree reported a 19% growth in revenue compared to the previous quarter to Rs 253.7 cr in Q2. After many top-tier IT firms showed growth despite the pandemic, Mindtree’s numbers have been average. The rise of 88% YoY, is lean compared to other IT firms, resulting in fall of the share price. Its revenue fell in North America and Asia but rose in Europe, UK and Ireland. Despite that, the company has declared an interim dividend of Rs 7.5 per share.

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