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•  Parsvnath Developers launches Parsvnath Premium

Sector / Company

MindTree Ltd is currently trading at Rs 464.80, up 13.52%

MindTree Ltd an IT and R&D services company, reported 37.3% rise in Q4 revenue, predominantly helped by growth in volume and billing rates. Net profit for the quarter rose 41.5% to Rs 34.70 crore, while revenue increased to Rs 217.80 crore.

On a stand alone basis, the company saw a 1% increase in pricing, but when consolidated with Purple Vision, it fell to 0.2%. MindTree bought Purple Vision, the Indian unit of French electronic design and manufacturing services company TES Services Solutions S.A., in November 2007.

For fiscal 2009, the company expects $228 million to $238 million in software revenue. Net profit is expected to be $31.7 million to $33.1 million.

The revenue from India increased to 8.9 % of total revenue, compared with 4.7% in the corresponding quarter last year. Revenue from US declined to 62.4% from 64.7%.

Parsvnath Developers Ltd is currently trading at Rs 213.75, up 3.34%

Parsvnath Developers has signed an agreement with Read More

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