Mindtree Following A Focused Approach: Motilal Oswal
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Motilal Oswal Report
We hosted an interaction with the management of Mindtree Ltd. for an update on the business and sectoral trends in the IT Services space.
Here are the key insights from our discussion -
Mindtree’s strategy to focus on four geographies, industry groups, and service lines has been working well.
While focusing on select areas, the company has been bundling its services and increasing partnerships with hyperscalers to enhance its go-to-market strategy.
The management has changed the company’s focus from more of discretionary work to a healthy mix of ‘discretionary’ and ‘lights on’ services.
This further translates to extended deal tenures and hence offers higher visibility in terms of revenues.
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