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ICICI Direct Report
Mindtree Ltd. is a mid-tier IT company with a presence in the U.S., Europe & RoW catering to BFSI, communication media & technology, retail & travel.
Expertise in infrastructure & application catering to Global 2000 clients ï‚· Dividend leading margins (>20%) compared to mid-tier IT companies Q4 FY22 Results: Mindtree reported resilience on the margins front.
Fifth consecutive quarter of 5%+ CC quarter-on-quarter growth.
Ebit margins declined 30 basis points to 18.9%.
Order book healthy at $1.6 billion.
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