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Earnings

Mindtree Q1 earnings today: Here's what to expect

Updated : July 17, 2019 09:30 AM IST

Information technology major Mindtree is set to report its first-quarter earnings today. Here's what to expect from the company today:

  • The street is expecting a dollar revenue growth of 1.7 percent this time. In constant currency terms, it should be a growth of 1.9 percent.

  • Compared to its performance for the last few quarters, this quarter’s growth is expected to be much lower. This could be on account of distractions by the L&T bid.

  • Margins are likely to be under pressure by 120 basis points (bps) to 11.7 percent impacted by wage hikes, H1B costs, etc.

  • Deal wins have slowed down for the company in the last three quarters. Hence, one needs to see if they come down even further due to developments like the chairman and the COO resigning.

  • The company has guided for a low-teens kind of growth in FY20, the management holds on to that.
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