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Mindteck Reports Financial Results for the Third Quarter Ending December 31, 2018

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Business Wire IndiaMindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), a global technology company, today reported its unaudited financial results for the quarter ending December 31, 2018.

The company’s consolidated revenue for the quarter stood at Rs. 70.05 crores as against Rs. 74.52 crores for the previous quarter ending September 30, 2018. Net profit for the nine months ended December 31, 2018 stood at Rs. 0.07 crores as compared to Rs. 2.25 crores for the corresponding period in the preceeding year.

Sanjeev Kathpalia, Chief Executive Officer and Managing Director, commented, “We are pleased to announce nine new project wins across all geographies. One of the most notable is a substantial managed services project for a global leader in cloud software and hyper-converged infrastructure solutions. The engagement encompasses complete test framework development as well as product platform testing for the company’s latest cloud services offering which
enables seamless solution deployments. Another interesting win during the period was a capillary electrophoresis instrument driver development project for a US-based global leader in mass spectrometry.”

Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), a global technology company, today reported its unaudited financial results for the quarter ending December 31, 2018.

The company’s consolidated revenue for the quarter stood at Rs. 70.05 crores as against Rs. 74.52 crores for the previous quarter ending September 30, 2018. Net profit for the nine months ended December 31, 2018 stood at Rs. 0.07 crores as compared to Rs. 2.25 crores for the corresponding period in the preceeding year.

Sanjeev Kathpalia, Chief Executive Officer and Managing Director, commented, “We are pleased to announce nine new project wins across all geographies. One of the most notable is a substantial managed services project for a global leader in cloud software and hyper-converged infrastructure solutions. The engagement encompasses complete test framework development as well as product platform testing for the company’s latest cloud services offering which enables seamless solution deployments. Another interesting win during the period was a capillary electrophoresis instrument driver development project for a US-based global leader in mass spectrometry.”