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    Confident of BFSI vertical doing good in Q4 & next financial year, says Mindtree

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    Confident of BFSI vertical doing good in Q4 & next financial year, says Mindtree

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    Software exporter Mindtree on Wednesday reported third-quarter earnings that were in line with street estimates. To get further insights on the results, CNBC-TV18 spoke with Rostow Ravanan, MD & CEO of Mindtree.

    Software exporter Mindtree on Wednesday reported third-quarter earnings that were in line with street estimates. To get further insights on the results, CNBC-TV18 spoke with Rostow Ravanan, MD & CEO of Mindtree.
    "The overall deal wins over the last few quarter have been positive, which sets us for a good footing for Q4," Ravanan said on Thursday, adding that although margins are likely to be flat, growth will be better than Q3.
    "In Q3, it was a great performance across all verticals," said Ravanan.
    Talking about the company's banking, financial services and insurance (BFSI) segment, he said, “The BFSI saw a marginal decline in Q3 on account of one client but confident of that segment for Q4 and next fiscal because over the last year or so, our sweet spot which was digital now has larger footprint within BFSI".
    "The BFSI segment growth of 30-31 percent y-o-y in Q3 is twice that of Mindtree, which grew by 17 percent y-o-y", said Ravanan.
     
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