In an interview to CNBC-TV18, Sudhakar Ram, MD & Group CEO of Mastek spoke about the results and his outlook for the company.
He said, "The growth could have been better in terms of our expectations but on some projects it was the right shift. Going forward, we do expect the growth rates to pick up. We do see quarter-on-quarter improvement over the next 3-4 quarters, in terms of topline and definitely it should translate to better bottom-line".
Talking about margin improvement, he further mentioned, "The troubled program has pretty much been resolved and it will now take on a more profitable execution path going forward. We have also had improvements in terms of SG&A leverage, SG&A effectiveness that in terms of the overheads as well as sales and marketing, we have taken a tighter look at it to ensure that it is in line with our current revenue projections. Both of those have led to margin improvements in this quarter and they will continue to yield better margins going forward".