Mindtree has delivered a largely in-line performance in 3QFY17, with revenue declining by 0.4% qoq to US$192.2mn, while EBIT margin and PAT (Rs1bn) rising by 95bps qoq 8.8% qoq, respectively. The mid-sized IT firm has been able to arrest the revenue decline seen in 2QFY17. Notably, its order book metrics remained highly impressive as well, with highest-ever order wins of US$314m (up 71% qoq & 54% yoy) out of which deals worth US$234mn expiring with 1-year (+54% qoq & +30% yoy) are likely to be realised as revenue in FY18E. Mindtree also achieved a milestone of US$100mn billings with its top client, the first time ever it has managed this. Digital order sizes have also increased to...