MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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MindTree Ltd.
MindTree Ltd.
15 Jan 2020
ICICI Securities Limited
The company reported 1.5% QoQ growth in dollar revenues driven by its top client. However, revenues were below our estimates while growth in 610 clients continued to decline in the quarter. The key positive in the quarter was margin expansion of 262 bps mainly led by operational efficiency and currency benefit. Key concern in the quarter was low digital growth at 13.5% YoY, dip in TCV (down 19.1% YoY & 32.6% QoQ) leading to book to bill ratio...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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