ECONOMY

Mindtree Q1 Review – Results Blaze Past All Expectations: Prabhudas Lilladher

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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:

Prabhudas Lilladher Mindtree Q1FY22 Result Update.pdf

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