BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Demonstrating strength in demand, Mindtree Ltd. blazed past all expectations with exceptionally strong beat in revenue growth, up 7.7% QoQ $ (our estimate: 5.9%, consensus:4.8%) driven by broad based demand momentum in retail, consumer packaged goods and manufacturing (up 7.7% QoQ $) and communication, media and technology (up 6.9% QoQ $).
Banking financial services and insurance rebounded strongly (up 6.4% QoQ $) and travel continued to show strong recovery (up 13.1% QoQ $).
We have released report on ‘travel tech confluence to accelerate growth’ which is now playing out well.
The company reported record high deal total contract of $504 million, up 34.4% QoQ, 29% YoY.
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