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Confident of keeping margin over 20% going forward, says Mindtree

Updated : January 19, 2021 02:09 PM IST

Mindtree on Monday reported a 65.7 per cent rise in consolidated net profit to Rs 326.5 crore for the December 2020 quarter.

CNBC-TV18’s Mugdha Variyar caught up with Debashis Chatterjee, MD and CEO of the company and asked him about the deal pipeline as well as the business growth.

“In terms of deals, the pipeline has been pretty strong and we have had a good orderbook this quarter. We have crossed the billion-dollar mark in terms of orderbook which is a significant achievement,” he said.

“Deal size continue to increase and more than anything else, we have been able to close a lot of deals which are multi-year which is in-line with our overall vision of getting into multi-year contracts, multi-year engagements,” he said.

In terms of margins, he said, “We are confident that the efficiency journey will continue and from a sustainability point of view, we are very confident that we should be able to sustain more than 20 percent margins as we go forward.”

The company has been investing in Europe over the last two-three quarters. “The last few deals that we have closed are heavily lopsided towards Europe,” he said.

In terms of hiring, total investments the company is making as well as the revenue contribution expected from Europe, Chatterjee said, “We have a good leadership team in Europe right now which has been built up over the last three quarters. Right now UK and Europe contributes around 14-15 percent of our overall revenues and that has to increase over a period of time.”

For more, watch the video...

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