Digital deals to offset decline in traditional services: Mindtree

Indian IT service companies have seen a major shift in technology in recent years

Mindtree, the mid-tier information technology (IT) services company, is eyeing higher growth this financial year, on the back of higher-value digital technology contracts and increased profitability from acquired subsidiaries. 

The Bengaluru-headquartered company says its revenue from digital technology has already started offsetting the decline in the traditional IT services business. Of its Rs 5,236 crore turnover in 2016-17,nearly 40 per cent was from digital technology-based services. The company added five $1- million clients, to 111 last year and looks forward to bigger deals of between $10 mn and $20 mn as the digital technology services segment becomes mature. 

As digital deals are