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.
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First Published on Apr 27, 2020 02:08 pm