Company: MindTree Ltd. Category: IPO Notes

In 4QFY19, Mindtree’s revenue grew by 2.9% QoQ to INR 18.4bn (CSEC estimate INR 18.2bn). Blended volumes rose by 5.6% QoQ while billing rate declined by 1.1% sequentially. Revenue from digital business grew by 3.8%/26.8% QoQ/YoY contributing 49.3% to total revenues.
April 22, 2019, 11:19 a.m.

Mindtree’s (MTCL) has given guidance of a sharp deceleration in revenue growth from 18% in US dollar in FY19 to a low-teen level in FY20. This may lead to a downward revision by part of the street which was expecting a mid-teen kind of number (we had been in the high single-digit camp).
April 18, 2019, 12:33 p.m.

Mindtree posted healthy revenue in 4QFY19, which stood at US$262mn (+4.2% QoQ in USD terms, +3.9% QoQ in CC terms).
April 18, 2019, 11:44 a.m.

Attrition was 6 quarter high at 14.2% (+80bps QoQ, +170bps YoY). Book-to-bill ratio of MTCL has also dragged down to 0.9X (lowest in 2 years) in Q4FY19.
April 18, 2019, 10:51 a.m.

Jan. 17, 2019, 11:28 a.m.

Mindtree has delivered an in-line revenue performance in 3QFY19, which rose by 2% QoQ to US$251.5mn.
Jan. 17, 2019, 11:25 a.m.

Mindtree delivered a steady performance for Q3FY19 with below CC growth and inline margins and PAT. Retail & CPG vertical shown strong recovery during the quarter with digital remains the key driver for Incremental growth.
Jan. 16, 2019, 11:36 a.m.

Mindtree posted in-line revenue in 2QFY19, which stood at US$246.2mn (+2.4% QoQ in CC terms, 2% USD terms, below our estimate by 0.6%).
Oct. 19, 2018, 11:21 a.m.

Mindtree delivered a weak performance for 2QFY19 with miss on USD revenues and margins. Albeit, PAT beat our estimates aided by higher other income.
Oct. 18, 2018, 11:29 a.m.

In 1QFY19, Mindtree’s (MTCL) 8.2% constant currency (CC) revenue growth QoQ was significantly above our expectation of 3.5% and street’s estimate of ~4%-4.5%.
July 19, 2018, 10:55 a.m.