MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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ICICI Securities Limited
Dollar revenues increased 2.0% QoQ while rupees grew 7.1% QoQ to | 1,755 crore mainly led by rupee depreciation EBITDA margin expansion was mainly led by rupee depreciation that helped absorb higher investment in talent acquisition. Margin expansion was due to promotion & full quarter impact of fresher hiring in Q1FY19 (-60 bps) offset by absence of investment in Stanford University (+60 bps) & rupee depreciation benefit (+130 bps) Softness in Retail & BFSI prompts us to lower revenue expectation...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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