Margin improvement always on agenda; look to deliver organic growth: Mastek

For Mastek, revenue growth was a big miss in Q2 as North American business and revenue from other segments was muted.

In an interview to CNBC-TV18, John Owen, Group CEO, Mastek spoke about the results and his outlook for the company.

He said they had constant currency growth of 5.9 percent quarter on quarter (QoQ) and was very pleased with the performance.

Market in UK is dominated a bit by Brexit, so confidence is probably a little bit suppressed in their, said Owen. However, UK, US and India – all grew on a constant currency basis, he added.

He hopes to deliver better revenues through same cost structure, which will translate into margin improvement, adding that margin improvement is always on their agenda.

Building cash gives us strength and we would look to deliver on organic growth, he said adding that when we see the right opportunity, we will accelerate our growth.

On cash buyback, he said, at the moment we don’t see any reason to disburse the cash via buyback.

For full interview, watch accompanying video...