HDFC Securities: Mindtree Q2 Review - Improved Operating Profile

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Report.Mindtree Ltd. reported strong and sustainable operational performance. Growth divergence between T1 account and the residual business upended in Q2, with a flattish T1 performance on strong Q1 seasonality.Mindtree’s ‘strategy refresh’ and service-line reset to focus on client mining (cross-sell), drive multi-year annuity, and partnerships will support broad-based growth ahead.Although deal wins were soft in Q2 with total contract value at $303 million, they are higher by 10% YoY in H1 FY21.Growth is expected to be led by retail, consumer packaged goods and manufacturing vertical (Husqvarna Group and S/4 HANA deals) and communication media and technology vertical, and a protracted recovery profile for travel and hospitality vertical..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC Securities: Mindtree Q2 Review - Improved Operating Profile

HDFC Securities: Mindtree Q2 Review - Improved Operating Profile

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