www.infystocks.co.uk

14 March 2007

mind tree

indTree Consulting has two divisions: Information Technologies Services (IT Services) contributed 76%, and research and development services (R&D Services) contributing 24% of the total revenue in the nine months ended December 2006. IT Services focusses on manufacturing ( 30.1%), travel and transportation (22.6%), banking financial services and insurance (BFSI) (17%) and hi-technology (18.5%).

In September 2004, MindTree took over the software divisions of ASAP Solutions and its subsidiary, Arachno Solutions, providing SAP implementation and maintenance, data management and customised application development in Asia and the US. In June 2005, it snapped Linc Software Services, which is into application development and maintenance, ERP product support and web development. In January 2007, MindTree signed a no-binding term-sheet to acquire an IC design company for an all-cash consideration.

MindTree reported a net profit of Rs 65.50 crore for April - December 2006 on revenue of Rs 433.79 crore. The net profit in the first nine months surpassed last full year's net profit of Rs 53.76 crore

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