Mindtree shares gain over 4% after Q3 earnings

INSUBCONTINENT EXCLUSIVE:
IT firm Mindtree shares on Wednesday jumped over 4 per cent after the company reported a 3 per cent rise in consolidated net profit for the
December 2019 quarter
The scrip gained 4.41 per cent to Rs 901.90 on the BSE
On the NSE, it climbed 4.32 per cent to Rs 901.70
Mindtree on Tuesday reported a 3 per cent rise in consolidated net profit at Rs 197 crore for the December 2019 quarter
The company had posted a net profit of Rs 191.2 crore in the same period last year, Mindtree said in a regulatory filing
The Bengaluru-based company saw its revenue grow about 10 per cent to Rs 1,965.3 crore in the quarter under review from Rs 1,787.2 crore in
the year-ago period, it added
In dollar terms, net profit rose 3.1 per cent to USD 27.7 million, while revenue increased 9.4 per cent to USD 275.2 million in the said
quarter over the year-ago period.