Monthly Archives: April 2021

Computers, News

Breathe Easy with the New Dell Inspiron Line Up & Its Smaller Carbon Footprint

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Why would you breathe easier with a new laptop? Well, in the case of the new line up of Dell Inspirons, it’s cause the line up comes with a smaller carbon footprint than ever. The new line up uses more recycled materials than before and is one of the culminations of Dell’s commitment to creating a circular economy when it comes to their products. Every Inspiron is painted using paints with low volatile organic compound content. Also, the packaging of the Inspirons is comprised of 90% recycled materials with the packaging tray being completely made of recycled materials.

With their carbon footprint in check, Dell took the next step to completely redesign the new line up of Inspiron laptops. The new laptops come with a near-borderless display and a new design language that builds on Dell’s prowess in creating compact, slim, stylish laptops. The new line up comes with larger keycaps which allow you to type faster and more accurately and a larger touchpad. The new line up also comes with an HD webcam equipped with Temporal Noise Reduction (TNR) which reduces pixelation and reduces visual artefacting in low lit conditions.

Dell Inspiron 14 & 15

The Dell Inspiron line up is being spearheaded by the Dell Inspiron 14 & 15. As the name suggests, these Inspirons have pretty much the outlook but come in two form factors – 14-inch and 15-inch. Keeping the ethos of previous Inspirons, the new 14 and 15 keep things minimalistic, simple and functional.

That said, the new design also comes with improved thermals for better cool. The new adaptive thermals also help manage power consumption to ensure your PC is running at maximum performance. The laptops also come with a sensor that detects when the lid is opened and immediately boots the PC. Paired with the optional Windows Hello enabled fingerprint sensor, you’ll be logging into your PC faster than ever. Working on the go shouldn’t be an issue with the Inspiron 14 and 15 with ExpressCharge which gives you 80% of battery life in just 60 minutes of charge.

If adaptability and flexibility is more for you, the Inspiron 14 also comes in a 2-in-1 configuration which brings added versatility. You’ll be able to flip into tablet mode, present in tent mode or even work on the touch enabled screen exclusively in stand mode.

Dell Inspiron 16 Plus

This year, the Inspiron line up gets a creator-focused entry with the Inspiron 16 Plus. The larger, more power-packed edition of the Inspiron brings a larger, 16-inch display for added workspace and visual real estate. It also comes in a cinematic 16:10 aspect ratio. That said, it’s not much larger than its smaller siblings; coming in at only 5% larger. However, it has an active screen area that’s 11% larger.

The Inspiron 16 Plus comes with the latest Intel Core H-series processors for better performance and can be paired with NVIDIA GTX or RTX discreet graphics processors for added umph. It also comes equipped with a more robust thermal solution for better cooling of the power packed specifications. The display on the Inspiron 16 Plus is a 3K display with true to life colours and low blue light emissions.

The latest line up of Inspiron laptops come with the latest, 11th Generation Intel Core processors or AMD’s Ryzen 5000 U series processors. These can be paired with a variety of graphics options to suit any need.

Pricing & Availability

The Inspiron line will be available starting mid-April 2021. The Inspiron 14 and 15 models will be available first. However, the H-series equipped Inspiron 15 and the Inspiron 16 Plus will only be available in early June.

ProductsStarting specsAvailability in Malaysia
Inspiron 14 (w/ AMD)AMD R5 8GB 512GB AMD Lucienne Integrated Graphic UMA 14.0 FHDMid April 2021
Inspiron 14 (w/ TGL-U)Intel Ci5 8GB 512GB UMA 14.0 FHDMid April 2021
Inspiron 14 2-in-1Intel Ci3 8GB 256GB UMA 14.0 FHD TouchMid April 2021
Inspiron 15 (w/ TGL-U)Intel Ci5 8GB 256GB UMA 15.6 FHDMid April 2021
Inspiron 15 (w/ H processor)Intel Ci5 8GB 512GB RTX3050 15.6 FHDEarly June 2021
Inspiron 16 PlusIntel Ci5 16GB 512GB RTX3050 16.0 3KEarly June 2021

Official Specifications

Computers, News

HUAWEI MateBook 2021 Series Comes to Malaysia!

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The HUAWEI MateBook Series, if we are being honest, is some of the best ways to spend your money if you are looking for a reasonably priced notebook PCs with premium build and functions. If you own a HUAWEI device, the MateBook series are the devices that you want to work with, especially when it comes to transferring and sharing files across your devices. Sadly, that OneHop feature only works across HUAWEI devices for now.

2021 has rolled in full and of course, it is that time to start updating your devices. HUAWEI releases their 2021 line-up of MateBook devices so that you have options to upgrade your devices to. They released the new MateBook D 14, MateBook D 15 (two variants), MateBook 14, and MateBook X Pro.

Source: HUAWEI

11th Generation Intel Power

The HUAWEI MateBook D 14, MateBook D 15, MateBook 14, and MoateBook X Pro will be powered by Intel’s 11th Generation Core processor for maximum power. The 11th Generation Intel processors are an improvement over the older generation chip with Intel’s latest and most advanced 10nm SuperFin process to make it even more powerful and efficient than before. Of course, you can opt up to an Intel Core i7 for the flagship level HUAWEI MateBook X Pro. You also can opt for up to 16GB of RAM to support the powerful processor.

FullView Display

While the design will remain mostly the same from previous generation MateBooks, all the MateBook series for 2021 will retain the immersive and iconinc FullView display with a unique screen ratio ranging from 13-inch (MateBook X Pro) to 15-inch (MateBook D 15). The FullView displays are meant to be immersive and displays with narrow bezels at the top and sides of the notebook. Of course, they are TÜV Rheinland certified in reducing blue light exposure to protect your eyes.

WiFi 6 Capabilities

Source: HUAWEI

What is a 2021 notebook when it cannot support WiFi 6? A Notebook stuck in the 2019s of course. WiFi 6, while not technically a new technology has changed the way we work outside and with our notebooks today. The HUAWEI MateBook series for 2021 will come with WiFi 6 as standard. That also means you get faster networking speeds with more stability to get more things done outside of your office. Of course, your router has to support WiFi 6 as well.

HUAWEI Share

Of course, one of the biggest appeals when it comes to HUAWEI Notebooks is the HUAWEI Share ability. HUAWEI Share allows you to place your smartphone display and even tablet display on top of Windows on the HUAWEI MateBook series. That also means that you do not have to reach out to your smartphones to make a call, text a friend, or even read through messages and notifications. You can do that from the comfort of your desktop display on the HUAWEI MateBook series for 2021.

  • Source: HUAWEI
  • Source: HUAWEI
  • Source: HUAWEI
  • Source: HUAWEI
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  • Source: HUAWEI
  • Source: HUAWEI

Price and Availability

The HUAWEI MateBook 2021 series will be available 24th April 2021 onward. The notebooks are available for pre-order from the 20th to 23rd April 2021 on HUAWEI’s very own Online Store. If you happen to be one of the first 1,500 customers to pre-order  any HUAWEI MateBook 2021 series products, you can enjoy some exclusive free gifts worth up to MYR 800.

The HUAWEI MateBook D 14 will be available in Mystic Silver at MYR 3,499 onward. The HUAWEI MateBook D 15 comes in either an 11th Generation Intel Core processor trim or a 10th Generation Intel Core processor trim at MYR 3,299 and MYR MYR 3,899 onward respectively in Mystic Silver. The HUAWEI MateBook 14 will come in Space Grey colour option at MYR 4,899 onward. Lastly, the HUAWEI MateBook X Pro will come in a unique Emerald Green colour option for MYR 6,899 onward. For more information on the 2021 series of HUAWEI MateBook notebooks, you can visit HUAWEI’s website.

PR Newswire

AIRSYS Commended by Frost & Sullivan for Delivering Exceptional Value with UNICOOL, its Superior Cooling System for Data Centers

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Future-proof and highly scalable, AIRSYS’ next-generation cooling infrastructure empowers telecom, data center, and data service organizations to reduce CAPEX and OPEX

SANTA CLARA, Calif., April 19, 2021 — Based on its recent analysis of the global cooling solutions market, Frost & Sullivan recognizes AIRSYS Group Corp. (Airsys Global) with the 2020 Global Customer Value Leadership Award. 

This award highlights the ability Airsys has in disrupting the market to provide an immense range of benefits to its customers. To reach this position, Airsys has combined groundbreaking technology with innovation, impacting the Customer’s purchase, ownership and service experience.

According to Yunshui Chen, global CEO at Airsys, "Airsys is proud to have received this award. It reflects our capability, through major investment in R&D, manufacturing excellence and our disruptive OneSolution customer strategy, to provide global Data Center and Telecom customers with better ways to address their current and future digital infrastructure challenges."

OneSolution is an industry first, combining and enriching core competencies across technology, end-to-end service design and global delivery to provide customers with unmatched value. With a supply model centred on servitization (Cooling-as-a-Service), customers benefit from zero CAPEX and reduced OPEX when it comes to the selection and management of data cooling technology.

Frost & Sullivan’s research findings unveil the significant customer value found across the extensive Airsys product range.

The company’s UNICOOL, a reflection to the growing demand of edge computing, is a good example. This packaged CRAC unit (P-CRAC) provides a low energy usage and low carbon footprint cooling solution by exploiting outside ambient conditions throughout cooler periods of the year to provide fresh air free-cooling. During warmer periods, the system employs variable speed compressor technology to deliver precision cooling. This is an ideal testament to the company’s commitment to creating new standards in energy efficiency and reliability.

According to Gautham Gnanajothi, Global Research Director at Frost & Sullivan "UNICOOL’s variable speed technology does not just provide precision control and low energy consumption, but applying fan technology that utilises brushless DC motors, significantly improves fan operating life due to lack of electrical and friction losses, ultimately enhancing the overall system reliability."

UNICOOL was engineered with robustness in mind; with an ability to operate within extreme environments withstanding temperatures between -35°C and 55°C. UNICOOL offers a range of functionalities which include group control (via the multi-unit controller), managing up to 6 units to optimize the cooling delivered to the space and standalone control, should communication be lost or just a client preference to have each system controlled independently. UNICOOL also employs a unique electronic expansion valve (EEV) function that responds swiftly and adapts to environmental changes and cooling system feedback. By monitoring aspects such as real-time compressor suction temperature and pressure, the EEVs can precisely control the superheat. 

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com

About AIRSYS Group Corp.
Founded in 1995, Airsys has become a global leader in the provision of digital infrastructure cooling solutions across data centre, telecom, medical, manufacturing and comfort cooling environments.  With a network of R&D, manufacturing and service centres around the world, the company provides its customer with a local service, backed by a global knowledge base.

 

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Business, News

Scope out “Deals Near Me” with ShopeePay

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Shopee is making it easier for users to get more value with their eWallet offering. The eCommerce platform has introduced a new feature which emphasizes their online-to-offline (O2O) approach. The new offering allows merchants to acquire footfall from Shopee users by listing offers and deals on the Shopee app.

With COVID-19 impacting consumer behaviour, many customers are going online first when it comes to purchasing daily essentials including ordering food. The new “Deals near me” feature aims to help retailers take advantage of the change to not only drive footfall to their outlets. Merchants are able to entice customers with attractive offers such as cashbacks and coupons on the Shopee app. Shopee boasts that the feature has already driven footfall of over 100,000 to 130 merchants who have adopted the feature since April 1.

“Deals Near Me helps merchants improve their online visibility and direct would-be customers to their outlets when we feature their cashback deals to consumers that are already in the vicinity. Showing the relevant deals to consumers can also lead to higher conversion and tangible sales for merchants. This is important for business recovery after an extended lockdown period that adversely impacted offline retailers, especially those in the service sector. We also believe that this new feature creates a win-win situation for both our users and participating merchants as we enable a convenient, seamless and rewarding shopping experience.”

Alain Yee, Head of ShopeePay Malaysia

The feature comes just in time for Shopee’s annual Hari Raya sales. This year’s Raya Bersama Shopee will see offers not only on Shopee’s eCommerce platform but also in the new “Deals near me” feature. Users can take advantage of Sahur Specials at 5AM, Jom Berbuka dengan ShopeePay at 12PM and Moreh Specials at 10PM. Vouchers can be bought for as little as 5 sen for cashback of up to MYR8. Participating merchants include Nasi Kandar Pelita, Nando’s, TGI Friday’s, Boat Noodle, Johnny’s, OLDTOWN White Coffee, J.Co Donut and Hokkaido Baked Cheese Tart.

In addition, Shopee will be having their Jualan Hebat Raya on 23 April 2021 and Pesta Jualan Raya on 5 May 2021. These days will come with numerous deals that Shopee users will be able to take advantage of. As usual, the deals will encompass everything from home appliances to outfits and decorations with discounts of 80%.

PR Newswire

Ericsson’s Nomination Committee appointed

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STOCKHOLM, April 19, 2021 — Ericsson’s (NASDAQ:ERIC) Nomination Committee for the Annual General Meeting 2022 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012.

The Nomination Committee consists of:

  • Johan Forssell, Investor AB;
  • Karl Åberg, AB Industrivärden;
  • Anders Oscarsson, AMF – Försäkring och Fonder;
  • Jonas Synnergren, Cevian Capital Partners Limited; and
  • Ronnie Leten, the Chair of the Board of Directors.

Johan Forssell is the Chair of the Nomination Committee.

Shareholders who wish to submit proposals to the Nomination Committee are welcome to contact the Nomination Committee. Proposals must be received in due time before the Annual General Meeting to ensure that the proposals can be considered by the Nomination Committee.

CONTACT THE NOMINATION COMMITTEE:
Telefonaktiebolaget LM Ericsson
The Nomination Committee
c/o The Board of Directors Secretariat
SE-164 83 Stockholm
Sweden
E-mail: nomination.committee@ericsson.com

NOTES TO EDITORS:

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MORE INFORMATION AT:
Ericsson Newsroom 
media.relations@ericsson.com
(+46 10 719 69 92)
investor.relations@ericsson.com
(+46 10 719 00 00)

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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Business

FunnelEvo Pushes Business Automation with MYR100,000 Grant

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FunnelEvo Sdn Bhd is trying to incentivize automation for small businesses by creating a new challenge for them to pursue automation. The company is encouraging small and medium businesses to implement SaleSkip, a business management platform which allows entrepreneurs to automate processes which can lead to increased revenue.

SaleSkip allows entrepreneurs to create professional websites in a matter of minutes complete with their own eCommerce backend. The platform also allows users to drive revenue by automating processes like up-selling, tracking conversions and even allowing businesses to retrieve user behaviour and data to optimise sales funnels. Interaction with customers via apps like WhatsApp can be done through the automation offered by SalesSkip.

To spur the adoption of automation, FunnelEvo is offering an MYR100,000 reward in their RM100K Challenge: Online Business Automation (Raya Edition). The challenge which kicks off starting April 14 2021, will provide the first 2,000 registrants with guidance and know-how in creating an online store on the SaleSkip system. Participants of the two-month challenge will also be attending a 5-day marketing class worth MYR4,999. Participants with the highest sales will be given grants of up to MYR100,000.

The challenge will be the first of a series that will be held throughout the year. Those who are unable to register for this edition can take part in future editions of the challenge as they are announced.

PR Newswire

Liquid now supports instant USD settlement on the Silvergate Exchange Network

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SINGAPORE, April 19, 2021 — Liquid, one of the world’s largest cryptocurrency-fiat exchange platforms by trade volume, is working with Silvergate Bank, a California-based Federal Reserve member bank, to improve market access and increase trading opportunities for Liquid’s clients.

Liquid has announced it has completed integration with Silvergate Exchange Network (SEN), an internal settlement platform developed by Silvergate Bank. Liquid users depositing and withdrawing USD via SEN will have funds credited and available for trading at Liquid Exchange near real-time 24/7.

The automation is already live for deposit and withdrawal services.

Integration of SEN will be key to Liquid’s Stablecoin Exchange Initiative. Clients will be able to trade fiat and stablecoins 24/7.

Some of the ways in which SEN integration will help accelerate the growth of Stablecoin initiative on Liquid will be risk-free arbitrage opportunities and state-of-the-art market access.

Liquid is more accessible than ever. Instant settlement 24/7 provides counterparties with more opportunities to trade on Liquid during fast markets.

"By integrating with Silvergate Bank SEN network and enabling zero cost, instant deposits & withdrawals 24/7, Liquid is confirming our commitment to innovation and improving crypto market access for all market participants.  With our innovative Multi-Market Order (MMO) technology, development of stablecoin and Digital FX trading, the past regional inefficiencies and price dislocations are quickly being replaced with deep liquidity and efficient price discovery.  Liquid looks forward to further collaboration with Silvergate Bank to better serve the growing global crypto trading market," Seth Melamed, Chief Operations Officer, Liquid.

About Liquid:
Liquid is a leading global fintech company founded in 2014, with offices in Japan, Singapore, and Vietnam. Liquid was the first exchange licensed by the Japan Financial Services Agency in 2017, and in 2019 the exchange’s yearly trading volume exceeded 60bn USD. The Company is continuing its focused expansion into 2021 with the development of the "Liquid Stablecoin Exchange," a trading & payments platform focused on leveraging the growth of stablecoins.

Liquid Website: https://liquid.com
Twitter: https://twitter.com/Liquid_Global
Telegram: https://t.me/QUOINENews

Related Links :

https://liquid.com

PR Newswire

“Big Size, Big Deals” 70SUD6600 Home Cinema TV

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MANILA, Philippines, April 17, 2021 — Since its founding back in 1988, SKYWORTH has been at the forefront of key international high-tech corporations. Today, SKYWORTH is one of the world’s Top 5 TV brands and the Top Brand in China’s domestic display market – also becoming the first TV brand in the Philippines to release its borderless design TV, and the only TV brand on the islands to run the latest Android 10.0 Operating System.

The SKYWORTH 70SUD6600 Home Cinema TV is the latest offering from SKYWORTH, standing as proof of 32 years’ research and development in the making. Boasting 3 key features designed to give you the ultimate cinematic experience from the comfort of your home: A giant screen with quality durability, built-in Android 10.0 OS, and the finest Chameleon 2.0 Picture Quality Engine.

70SUD6600 Home Cinema TV
70SUD6600 Home Cinema TV

Built with durable Japanese panels, the 70SUD6600 Home Cinema TV stands out through its signature cinematic 4K-Display screen.

By making use of the latest Android 10.0 operating system, the 70SUD6600 becomes the first and only TV brand in the Philippines to run on the OS, allowing your TV to run faster and smarter, while being responsive like no other SKYWORTH TV before. Enjoy AV1 video decoding system for smooth, accurate imaging, with decreased buffering.

Alongside the Android 10.0 OS, expect the amazing Google Assistant feature built into the SKYWORTH 70SUD6600 Home Cinema TV, giving you the power to play, control, and receive assistance from the command of your voice. Additionally, enjoy over 5000 applications and 1000+ online streaming services.

None of the 70SUD6600 Home Cinema TV’s picture quality would be possible without the Chameleon Extreme 2.0 PQ Engine, driving the best picture quality from super crystal-clear resolution, automated contrast enhancement, dynamic remodelling, and AI self-adaption. The SKYWORTH 70SUD6600 Home Cinema TV is the forefront of Smart-Home living.

With SKYWORTH’s global "408 Festival", well-known globally for its captivating discounts, has been held successfully every year internationally. This 2021, SKYWORTH Philippines will be hosting its very own "408 Festival" from April 19 – May 31, dubbed "Big Size, Big Deals", which includes a 2-YEAR maintenance and home service warranty, free delivery within metro manila, 500 vouchers on the Lazada store page, and free ear pods to the first 100 customers who make a purchase from any participating retailers online or offline. Prepare to get your hands on the amazing SKYWORTH 70SUD6600 Home Cinema TV.

PR Newswire

Sunlands Technology Group Files its Annual Report on Form 20-F

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BEIJING, April 17, 2021 — Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China’s online post-secondary and professional education, today announced that it has filed its Annual Report on Form 20-F for the full year ended December 31, 2020 with the U.S. Securities and Exchange Commission (the "SEC").

The annual report can be accessed on the Company’s investor relations website at http://www.sunlands.investorroom.com/ and on the SEC’s website at www.sec.gov. The Company will provide a hard copy of the annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to sl-ir@sunlands.com.

About Sunlands

Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), formerly known as Sunlands Online Education Group, is the leader in China’s online post-secondary and professional education. With a one to many, live streaming platform, Sunlands offers various degree and diploma-oriented post-secondary courses as well as online professional courses and educational content, to help students prepare for professional certification exams and attain professional skills. Students can access its services either through PC or mobile applications. The Company’s online platform cultivates a personalized, interactive learning environment by featuring a virtual learning community and a vast library of educational content offerings that adapt to the learning habits of its students. Sunlands offers a unique approach to education research and development that organizes subject content into Learning Outcome Trees, the Company’s proprietary knowledge management system. Sunlands has a deep understanding of the educational needs of its prospective students and offers solutions that help them achieve their goals.

For more information, please visit http://www.sunlands.investorroom.com/

For investor and media inquiries, please contact:

Sunlands Technology Group
Investor Relations
Email: sl-ir@sunlands.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: sunlands@tpg-ir.com

Yang Song
Tel: +86-10-6508-0677
Email: sunlands@tpg-ir.com

Related Links :

http://www.sunlands.com

PR Newswire

/C O R R E C T I O N — Mindtree/

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In the news release, Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of ₹17.5 per share, issued 16-Apr-2021 by Mindtree over PR Newswire, we are advised by the company that under the heading "Quarter ended March 31, 2021," the fourth bullet point should read "Net profit at ₹3,173 million (decline of 2.8% q-o-q / growth of 53.9% y-o-y)" rather than "Net profit at ₹3,173 million (decline of 2.8% q-o-q / 53.9% y-o-y)" as originally issued inadvertently. The complete, corrected release follows:

Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of INR17.5 per share

BANGALORE, India and WARREN, N.J., April 17, 2021 — Mindtree, a global technology services and digital transformation company guiding its clients to achieve faster business outcomes, announced its consolidated results today for the fourth quarter ended March 31, 2021, as approved by its board of directors.

"We are proud to deliver another strong quarter, driven by significant traction in our client portfolio globally, leading to revenue growth of 5.2%, EBITDA of 21.9%, and an order book of $375 M at the end of Q4. Our journey of profitable growth and seamless delivery during the pandemic year has been made possible by the resilience of Mindtree Minds, the commitment of our leadership team, and above all, the continued support of our clients," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. "The final dividend of INR17.5 per share announced today reinforces Mindtree’s commitment to enhance shareholder value. For the year, we delivered revenues of $1,076.5 M and margin expansion of 680 bps, while increasing our order book by 12.3%. As we enter FY22, we are confident that continued client demand for our transformative services, a strong order book, and our strategic investments position us well to deliver double digit growth and sustain EBITDA above 20%."

Key financial highlights:

Quarter ended March 31, 2021

  • In USD:
    • Revenue at $288.2 million (growth of 5.2% q-o-q / 3.5% y-o-y)
    • Net profit at $43.3 million (decline of 1.9% q-o-q / growth of 53.4% y-o-y)
  • In INR:
    • Revenue at INR21,093 million (growth of 4.2% q-o-q / 2.9% y-o-y)
    • Net profit at INR3,173 million (decline of 2.8% q-o-q / growth of 53.9% y-o-y)

Year ended March 31, 2021

  • In USD terms:
    • Revenue at $1,076.5 million (decline of 1.1%)
    • Net profit at $150.0 million (growth of 69.6%)
  • In Rupee terms:
    • Revenue at INR 79,678 million (growth of 2.6%)
    • Net profit at INR 11,105 million (growth of 76.0%)

Other highlights:

  • Clients:
    • 270 active clients as of March 31, 2021
    • $5 million clients grew by 1, total 44
  • People:
    • 23,814 Mindtree Minds as of March 31, 2021
    • Trailing 12 months attrition is 12.1%
  • Q4 deal wins with leading global clients:
    • Mindtree partnered with one of the leading electronic retailers to realize their omni-channel vision for their users
    • Mindtree signed a multiyear engagement with a global leader in design and manufacturing of household appliances to transform the online retail experiences of their users
    • For a Germany-based leader in building materials and construction systems company, Mindtree will be providing digital services and assisting in post-merger technology integration
    • Mindtree has been chosen as a strategic partner by a leading global travel software and technology company to modernize their passenger reservation platform and accelerate their cloud transformation journey
    • Mindtree has been selected by a leading bank to provide Salesforce transformation services across multiple geographies for their asset management division
  • Recognitions:
    • Everest Group, a leading consulting and research firm, recognized Mindtree as a "Major Contender" in its Software Product Engineering Services PEAK Matrix® Assessment 2021
    • Mindtree has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, as leader in 2021 ISG Provider Lens™ Salesforce Ecosystem Partners Reports US for implementation, integration and managed application services for large enterprises
    • Mindtree has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, as leader in 2021 ISG Provider Lens Mainframe Services & Solutions 2021 for Mainframe Transformation Services in US
    • Mindtree adjudged the winner of Golden Peacock National Award 2020 for Corporate Social Responsibility
    • Mindtree has been awarded the winner of BEST awards for demonstrating enterprise-wide success as a result of employee talent development by Association for Talent Development (ATD)
    • Mindtree has been conferred the second runner-up position in the ‘Best Employer for Women’ (large) category by Associated Chambers for Commerce and Industry of India (ASSOCHAM)
    • Mindtree has been recognized for ‘Workforce Planning and Staffing Solutions’ and ‘Organization Design’ at the People First ACE Awards 2020 presented by the National HRD network
    • Mindtree has been recognized and rewarded as a winner in ‘Excellence in Employee Welfare Initiative’ by BW Business World HR Excellence Award 2021
  • Announcements
    • The Board of Directors have recommended a final dividend of 175% (Rs 17.5 per equity share of par value Rs 10 each) for the financial year ended March 31, 2021 which is subject to the approval of shareholders at the Annual General Meeting

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. "Born digital," in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 270 enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in 24 countries across the world, we’re consistently regarded as one of the best places to work, embodied every day by our winning culture made up of over 23,800 entrepreneurial, collaborative and dedicated "Mindtree Minds."

To learn more about us, visit www.mindtree.com or follow us @Mindtree_Ltd

Safe harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s technology spending, affecting demand for our services, delaying prospective customers’ purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

For more information, contact: media@mindtree.com

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;
CIN: L72200KA1999PLC025564; Phone: + 91 80 6706 4000; Fax: +91 80 6706 4100;
E-mail: info@mindtree.com/investors@mindtree.com; Website: www.mindtree.com