Mindtree Q1 Review - Results Blaze Past All Expectations: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
Demonstrating strength in demand, Mindtree Ltd. blazed past all expectations with exceptionally strong beat in revenue growth, up 7.7% QoQ $ (our estimate: 5.9%, consensus:4.8%) driven by broad based demand momentum in retail, consumer packaged goods and manufacturing (up 7.7% QoQ $) and communication, media and technology (up 6.9% QoQ $).
Banking financial services and insurance rebounded strongly (up 6.4% QoQ $) and travel continued to show strong recovery (up 13.1% QoQ $).
We have released report on ‘travel tech confluence to accelerate growth’ which is now playing out well.
The company reported record high deal total contract value of $504 million, up 34.4% QoQ, 29% YoY.
Click on the attachment to read the full report:
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 author entity 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.