Mindtree
This midcap IT company has done well for Q1FY15. In US$, revenue grew 20% (YoY) and 6% (QoQ) though net profit declined 12% (YoY) but rose 37% sequentially. In rupee terms, revenue grew 30% (YoY) and over 2% (QoQ) at Rs.843 crore. Net profit showed a growth of 31% QoQ though a decline of 4% YoY (due to forex loss in Q1) at Rs.129 crore. The company had a forex gain in current quarter at Rs.14 crore v/s loss of Rs.43 crore in Q4.
Operating margin during current Q1 was at 20.4%, down 150 bps QoQ. As at 30th June 2014, the company had 206 active clients. It added 516 employees during the quarter, taking the total employee tally to 12,845. Attrition was at 14.2% and this has gone up from 12.7% in Q4 and 11.6% in Q3.
The company has cautioned that revenue growth in current Q2 might be lower than Q1, yet it is confident of beating industry body Nasscom’s revenue growth guidance of 13-15% for the IT services sector in FY15.