 "Debashish Chatterjee, MD & CEO")
IT services firm Mindtree reported a strong revenue performance in a seasonally weak third quarter (Q3). The Bengaluru-based company’s revenue came in higher than the Street’s estimates at Rs 2,023.7 crore, translating to a 5.1 per cent growth sequentially. It was aided by sustained demand momentum and broad-based recovery across verticals.
Analysts were factoring in a mild correction in operating margins as some cost benefits accrued over the first half of the year from travel and wages were expected to reverse. However, the company surprised the Street with margins expanding by more than 300 basis points sequentially to decadal highs of
