Mindtree’s standalone net profit for the second quarter ended September rose 42.1% year-on-year to ₹ 216.2 crore on the back of increased business from travel and hospitality and high-tech and media business.

The BSE-listed firm, whose clients include Microsoft, GlaxoSmithKline, ING Vysya, and the Carlyle Group, posted a profit on revenue of ₹1,708.1 crore, which grew 31%.

“Our deep expertise across both digital [equivalent to ‘change the business’] and run [the business] landscapes are delivering competitive advantage for our clients while fuelling Mindtree’s continued growth” Rostow Ravanan, chief executive officer and managing director.

Reskilling efforts

“By investing in an ‘automate-everything’ platform-based approach, we are consistently driving larger deals and industry recognition. During this quarter, we also further advanced the innovation in our reskilling efforts, helping our people to succeed in the modern information economy.”

Travel and hospitality grew by 37% while hi-tech and media grew by 25.7%. Banking, financial services, and insurance 8.2% year-on-year. Revenue from digital business rose 34.9%. Application, development, and maintenance accounted for 50.8% of the company’s revenue. Infrastructure, maintenance, and support came second with 23.4%.

Attrition rate

The attrition rate for the last 12 months stood at 13%. The Bengaluru-based company had 341 active clients as of September.

“Automation is playing a significant role in modernising our technology service delivery, enhancing both efficiency and speed-to-results for our clients,” Mr. Ravanan said. “We are proud to report our Bots strength that autonomously works along-side our Mindtree Minds, enabling our team to do more and accomplish larger goals. We have 484 Bots employed as of September 30.”

A Bot is a software that acts autonomously, free from any interference, human or otherwise, to perform a significant task which will otherwise be performed by a human.

Mindtree is now a digital transformation partner for a large multi-national company in the consumer packaged goods industry across their marketing channels, according to a statement.

It also provides cloud operations under managed services model for a world leader in enterprise cloud data management and is establishing a data lake and setting up an analytics platform for one of the world’s largest investment firms.