Mindtree net up 45% quarterly, down 35% yearly in Q2

Bengaluru, Oct 16 (IANS) Leading software vendor Mindtree on Wednesday reported Rs 135 crore net profit for the second quarter (Q2) of fiscal 2019-20, registering 45 per cent sequential growth from Rs 95 crore a quarter ago.

Net profit on annual basis, however, declined 35 per cent from Rs 206 crore in the same period last year.

In a regulatory filing on the BSE, the technology arm of engineering giant L&T said revenue for the quarter under review rose 4.4 per cent sequentially to Rs 1,914 crore from Rs 1,834 crore a quarter ago and 9 per cent yearly from Rs 1,755 crore in the like period a year ago.