For Bengaluru-based mid-tier IT firm Mindtree, recovery from travel and hospitality is a long haul. However, demand from its top client will remain stable as they continue to invest in technology, said its CEO Debashis Chatterjee.
In good news for employees, the company will roll out salary increments for all its employees, effective January 2021.
The company registered $261 million in revenue, up 3.1 percent quarter-on-quarter in Q2 FY21, led by growth in continental Europe, UK and Ireland.
Revenue from travel and hospitality continued to decline and now stands at 8.3 percent from 16.9 percent in the same quarter a year ago. In the June quarter, revenue stood at 8.1 percent.