Investing.com - MindTree 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 , still down 32.03% from its 52 week high of ₹5,060.00 set on Thursday, November 18, 2021.
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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