MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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MindTree Ltd.
MindTree Ltd.
20 Jul 2017
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research MindTree's (MT) US$ revenues grew 2.3% QoQ to $200.1 million and was below our 3% growth and $201.4 million estimate. Constant currency revenues grew 1.2% QoQ Revenues in rupees declined 2.2% QoQ to | 1,289.5 crore, below our 1.5% QoQ decline and | 1,298 crore estimate EBITDA margin declined 310 bps sequentially to 11.1%. It was way below our expectation of 13.0% led by lower-than-expected revenue...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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