Moneycontrol
Get App
Last Updated : Apr 27, 2020 02:08 PM IST | Source: Moneycontrol.com

Ideas For Profit | Will Mindtree stand out in the mid-cap IT universe?

In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses whether Mindtree will stand out in the long-term.



This is a comeback quarter for Mindtree with clear indications that the company has completely come out of the uncertain days following the takeover battle. It has embarked on a smooth sailing under the new leadership.


The quarterly performance was strong and was not impacted by COVID-19 led lockdown as the company seamlessly moved almost 99 percent of its employees to Work from Home (WFH), thereby ensuring no supply disruption.


The revenue for the quarter at $278.4 mn grew by quarter on quarter 1.2 percent in reported currency. The full-year revenue of $1.08 billion showed a growth of 8.7 percent in reported and 9.7 percent in constant currency. But, a sudden storm in the form of a disruption led by COVID-19 has clouded the short-term outlook.




In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses

whether Mindtree will stand out in the mid-cap universe in the long-term.






Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

First Published on Apr 27, 2020 02:08 pm
Sections
Follow us on