Coffee Day Founder Remains Invested In Mindtree, Eyes Higher Price

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IT Majors’ Share Buyback: Shouldn’t They Fuel Innovation And Support Startups Instead Or Are They Done

Every shareholder is happy when a share buyback is announced. Some even pressure companies to repurchase shares because they see no value in remaining shareholders of the company. And sometimes it is the management that wants to be free of…

TCS Q4 Net Profit Plummets 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors. “The very fact that…

TCS Will Have To Run Harder To Stay Ahead Of The Pack

Over the past few years, Tata Consultancy Services (TCS) has increasingly turned out to be the bellwether for the Indian IT industry, a position long held by Infosys. Sanchit Vir Gogia, CEO of Greyhound Research in post results commentary said…

How IT firms have now tightened up

Six years ago, the biggest question facing the Indian industry was whether the Satyam corporate accounting fraud will slow down offshoring to home-bred IT companies. Many thought that the fraud perpetrated by B Ramalinga Raju and team would be seen…

$130-b Software Sector Braces For Currency Correction

After TCS and Mindtree set the alarm bells ringing with their cautionary outlook, exporters in the $130-billion sector are bracing for currency volatility, as global currencies have depreciated sharply against the dollar in the recent past. The slowdown can also…

Mindtree Q3 profit up 58.5%, beats market expectations

Software services company Mindtree Ltd said on Monday that its third quarter net profit rose about 58.5%, beating market expectations, helped by higher revenue from its banking, financial services and insurance, and retail, consumer packaged goods and manufacturing clients. Net…

Mindtree Q3 profit up 58.5%, beats market expectations

Software services company Mindtree Ltd said on Monday that its third quarter net profit rose about 58.5%, beating market expectations, helped by higher revenue from its banking, financial services and insurance, and retail, consumer packaged goods and manufacturing clients. Net…

Mindtree buys US firm Discoverture for $15 m

Mindtree has reported good third quarter profits and is confident that it will beat the upper band of Nasscom’s 13-15 per cent guidance for this financial year. The Bengaluru-based mid-size company posted a net profit of 140.8 crore in the…

Steel beneath softness

Amiable, convivial and genial are some of the adjectives used to describe Krishnakumar Natarajan, or KK, the easygoing CEO of Mindtree. In January 2011, though, nothing was going easy for the Bangalore-based IT and outsourcing company, which was co-founded by…

Steel beneath softness

Amiable, convivial and genial are some of the adjectives used to describe Krishnakumar Natarajan, or KK, the easygoing CEO of Mindtree. In January 2011, though, nothing was going easy for the Bangalore-based IT and outsourcing company, which was co-founded by…

Riding The Next Wave Of Digital Growth

Indian IT services companies are realizing that ‘digital’ is the way to go. They are investing in new technologies such as cloud computing, mobile technologies, data analytics among other and bagging high-margin outsourcing contracts to respond to the growing competition. In an…