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