April 27, 2009 - Bangalore, INDIA
MindTree Limited, a global IT Solutions Company, announced its consolidated results today for the fourth quarter ended March 31, 2009 and Financial Year (FY) 2008-09 as approved by its Board of Directors.
"Despite the current economic challenges, we have shown an industry leading revenue growth. It draws from the strengths of both MindTree and Aztecsoft and strengthens our position as the best mid-sized Company," said MindTree Executive Chairman Ashok Soota. "Our new organization structure and focus on new business areas will help us withstand the economic crisis and continue on our path to become a $1 billion organization," he added.
MindTree CEO & MD Krishnakumar Natarajan said, "We are winning new customers and expanding engagements with existing customers, and we are also focusing on improving our operational efficiency. Though we see short-term challenges, we feel good about the long-term outlook."
MindTree continued to receive accolades during the year for corporate governance, innovation, knowledge management and for being among the best employers. MindTree received the following recognitions during FY 2008-09.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
MindTree Ltd. is a global IT Solutions Company specializing in IT Services, Independent Testing, Infrastructure Management and Technical Support (IMTS), Knowledge Services and Product Engineering, which comprises of R&D Services and Outsourced Product Development. MindTree partners with its clients to create a transparent, value-based relationship. Our people build innovative solutions in a wide range of technology domains that enable our customers to succeed in their business goals.
MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune Magazine. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Great Places To Work Institute, Hewitt Associates and Mercer. MindTree was ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners for the second consecutive year in 2008. MindTree is the winner of the National Award for Excellence in Corporate Governance in India in 2007-08. The Company is publicly listed in India. Please visit us at www.mindtree.com.