Mindtree announced that it has worked with Aflac to develop anenhanced mobile application, called MyAflac Mobile, that enables users to conveniently file claims directly from their mobile device, simplifying the claims process. As policyholders navigate their way through a stressful time due to the global pandemic, Aflac is focused on easing the claimsprocess driven by automated, self-service tools to further improve the user experience and deliver on greater customer centricity.

The enhanced mobile app, MyAflac Mobile, enables policyholders to file claims at theirconvenience, receive notifications, and upload the correct documents easily and quickly so thatclaims can be processed faster. Customers can also set up direct deposit through the app so theyare able to receive payments without any additional steps. The enhanced app utilizes a moderntechnology stack and provides a more responsive and mobile friendly experience.

MyAflac, which was developed in an exclusive collaboration between Mindtree and Aflac, is nowavailable on Google Play and in the App Store. Within the first three days of its launch, it wasdownloaded more than 60,000 times.

Powered by Capital Market - Live News

The company's consolidated net profit jumped 65.74% and revenue rose 3% in Q3 FY21 over Q3 FY20. The result was announced after market hours yesterday, 18 January 2021.

Sequentially, EBITDA grew 23.7% to Rs 467.9 crore in Q3 FY21 over Q2 FY21. Profit before tax (PBT) in Q3 FY21 stood at Rs 445.1 crore, up by 29.1% from Rs 344.7 crore in Q2 FY21. Total tax expense increased by 30.3% to Rs 118.6 crore in Q3 FY21 over Q2 FY21.

In dollar terms, the revenue stood at $274.1 million, registering a growth of 5% quarter-on-quarter (Q-o-Q) and a decline of 0.4% year-on-year (Y-o-Y) in Q3 FY21. The net profit stood at $44.2 million, recording a growth of 28.6% Q-o-Q and 59.3% Y-o-Y in Q3 FY21.

The company reported strong deal wins of $312 million, crossing $1 billion YTD. There are currently 276 active clients as of 31 December 2020. Mindtree said that it added eight new clients during the quarter.

The company had 22,195 employees as of 31 December 2020. Trailing 12 months attrition rate stood at 12.5% in quarter ended December 2020 as against 17.2% in the same period last year.

“Our third quarter has by far been the best performing in recent years backed by broad-based revenue growth of 5.0% across our verticals and service lines, robust margin expansion of 350bps, and a healthy order book of $312M,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. We are witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities. We continue to capitalize on the evolving market dynamics with solutions that help enterprises navigate the new normal and grow their businesses. Thanks to the strategic focus and hard work of our Mindtree Minds, we are now well-positioned to continue delivering profitable growth.”

MindTree is an international information technology consulting and implementation company that delivers business solutions through global software development.

Powered by Capital Market - Live News

The company's consolidated net profit jumped 65.74% and revenue rose 3% in Q3 FY21 over Q3 FY20.

EBITDA grew 23.7% to Rs 467.9 crore in Q3 FY21 over Q2 FY21. Profit before tax (PBT) in Q3 FY21 stood at Rs 445.1 crore, up by 29.1% from Rs 344.7 crore in Q2 FY21. Total tax expense increased by 30.3% to Rs 118.6 crore in Q3 FY21 over Q2 FY21.

In dollar terms, the revenue stood at $274.1 million, registering a growth of 5% quarter-on-quarter (Q-o-Q) and a decline of 0.4% year-on-year (Y-o-Y) in Q3 FY21. The net profit stood at $44.2 million, recording a growth of 28.6% Q-o-Q and 59.3% Y-o-Y in Q3 FY21.

The company reported strong deal wins of $312 million, crossing $1 billion YTD. There are currently 276 active clients as of 31 December 2020. Mindtree said that it added eight new clients during the quarter.

The company had 22,195 employees as of 31 December 2020. Trailing 12 months attrition rate stood at 12.5% in quarter ended December 2020 as against 17.2% in the same period last year.

“Our third quarter has by far been the best performing in recent years backed by broad-based revenue growth of 5.0% across our verticals and service lines, robust margin expansion of 350bps, and a healthy order book of $312M,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. We are witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities. We continue to capitalize on the evolving market dynamics with solutions that help enterprises navigate the new normal and grow their businesses. Thanks to the strategic focus and hard work of our Mindtree Minds, we are now well-positioned to continue delivering profitable growth.”

Shares of Mindtree fell 2.17% to Rs 1660.60 on Monday. MindTree is an international information technology consulting and implementation company that delivers business solutions through global software development.

Powered by Capital Market - Live News

Net profit of Mindtree rose 65.74% to Rs 326.50 crore in the quarter ended December 2020 as against Rs 197.00 crore during the previous quarter ended December 2019. Sales rose 2.97% to Rs 2023.70 crore in the quarter ended December 2020 as against Rs 1965.30 crore during the previous quarter ended December 2019.

Powered by Capital Market - Live News