MindTree revenues up 80 per cent

Bangalore: Software services firm MindTree Consulting has reported a revenue of Rs245.3 crore for year-ended March 2005, a growth of 80 per cent over previous year's Rs136 crore.

MindTree, which doubled its headcount to over 2,000 during the year, added several customers in various geographies and strengthened its relationship with existing clients such as Volvo, AIG and Unilever.

"The US continued to be the biggest market. Europe made strong gains, where our revenue grew by 120 per cent. We also expanded our customer portfolios in West Asia, Japan and Asean," the company has said in a press release. It also consolidated its leadership position for Bluetooth solutions that are licensed to more than 30 leading product companies across the globe.