Mindtree reiterated its expectations of 1) stronger-than-industry growth rate along with improving profitability in the near term (3-5 years). Modest outlook despite exceptional Q1 performance, indicates likely growth moderation in the upcoming quarters. Within the next 10 years, Mindtree intends to become an IP-led organization. To achieve this, it has entered into partnerships with educational institutions, such as Stanford.to create monetizable IPs. We believe that these IPs will require upfront investments which would impact its profitability and cash-flows in near term. The company elaborated on various use cases and strategy in Digital, suggesting its...