Investing.com - MindTree (NS:MINT) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MindTree announced earnings per share of ₹30.82 on revenue of ₹34.00. Analysts polled by Investing.com anticipated EPS of ₹28.97 on revenue of ₹33.07B.
MindTree shares are down 21.99% from the beginning of the year and are trading at ₹3,439.40 , down-from-52-week-high.
MindTree follows other major Information Technology sector earnings this month
MindTree's report follows an earnings beat by Tata Consultancy on Monday, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.26 on revenue of ₹550.86B.
Infosys had beat expectations on Thursday with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.22 on revenue of ₹365.49B.
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