MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
|

Emkay
Mindtree's revenue growth of 2.4% qoq in CC terms, which came in slightly higher than our expectations of 2.0%, was largely driven by realizations as volumes were down 1.1% qoq. EBIT margins improved 50bps qoq to 13.6% vs. our expectations of 13.2%. In Q4FY19, Mindtree expects revenue growth to be better than that of Q3FY19, with margins remaining stable. Although management has not provided any quantitative outlook for FY20, positive commentary and ~20% yoy growth in TTM TCV growth in...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
More from MindTree Ltd.
Recommended