ICICI Securities: Mindtree’s Strong Outlook On Growth, Margins
Mindtree’s campus in Bengaluru. (Photo: BloombergQuint)

ICICI Securities: Mindtree’s Strong Outlook On Growth, Margins

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.

ICICI Securities Report

In its 4x4x4 strategy, Mindtree Ltd. highlighted its focus on four each of service lines, verticals and geographies.

Notably, it hinted at the ambition of expanding its presence to some new geographies (e.g. France, Norway, Finland etc.) and verticals (e.g. healthcare).

Company also indicated it is rejuvenating its consulting practice. Account mining, multi-year annuity deals and targeted merger and acquisitions have been restated as the key focus areas.

Management called out the industry trends of vendor consolidation and captive divestments. Aspiration of industry leading and profitable growth are reiterated.

Click on the attachment to read the full report:

ICICI Securities MindTree Company Update.pdf

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.