Mindtree Annual Analysis - Another Robust Year; Strong Outlook: Axis Securities
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Axis Securities Report
Deal wins for FY21 stood at $1,382 million with 270 active clients and 35 strong partnerships and alliances, showcasing the highest ever growth of 12% YoY in the history of Mindtree Ltd.
The company delivered superior operating margins on account of higher offshoring, efficient utilisation, lower attrition, and superior service mix.
Mindtree continues to invest in employee addition to ramp up new deal wins won in the previous quarter and adhere to project delivery timelines.
In the long run, this will aid in achieving sustainable growth.
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