MindTree bags two IT deals worth USD 70 mn
IT firm MindTree today said it has bagged two deals totalling to USD 70 million (about Rs 316 crore) from the Information and communication technology service-provider in Europe and a US-based bank.
The combined deal size is over USD 70 million, to be spread for the period of next 5 years. The company will provide IT services and solutions to it customers, MindTree said in filing to the Bombay Stock Exchange (BSE).
"These two deals, one of which is from a European customer, are significant and position us well to be considered for large scale engagement in the future. The European deal is the single largest multi-year win for MindTree in our history," MindTree Senior Vice-President Ram C Mohan said.
Shares of MindTree were trading at Rs 410.60 on the BSE in late afternoon trade, up 1.37 per cent from the previous close.