Mindtree Q4 Review- Robust Revenue Growth: ICICI Direct

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 Direct Report.Mindtree Ltd. reported a healthy set of Q4 FY21 numbers.The company reported dollar revenue growth of 5.2% Quarter on Quarter in line with our estimate of 5.0% QoQ.Ebitda margin came in at 21.9% (down 119 basis points QoQ, mainly led by wage hikes) but was higher than our expectation of 20.5%.The deal pipeline increased 20% QoQ (down 4.6% YoY) to $375 million.The company added 989 employees in the quarter, with utilisation increasing 120 bps QoQ to 84.3% and offshore effort mix flat QoQ at 82.9%.The company has declared a dividend of | 17.5/share..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Mindtree Q4 Review- Robust Revenue Growth: ICICI Direct

Mindtree Q4 Review- Robust Revenue Growth: ICICI Direct

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