Mindtree delivered a disastrous performance in 2QFY17, which is unquestionably its worst performance in many quarters. All metrics Revenue, Margins & Net Profit were way below our estimates. While results internals are visibly terrible, two factors, which we had outlined as concerns post poor 1QFY17 results i.e. deep-rooted internal issues faced by its top 3-4 clients, and disheartening order book metrics (worsened further in 2QFY17) - persist. Outlook for 3QFY17E implies flattish revenue, albeit given the dynamic business environment, this could change soon. Management has mentioned that compared with one month ago, its revenue outlook for 2HFY17E...