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MINDTREE- Key takeaways
The company continues to be optimistic of revenue growth in the IT services segment for
FY2012E. Traction in software engineering services is also strong, while R&D services
segment continues to be the weakest relatively. The company expects to grow faster than
the industry in FY2012E.
Confident of expanding margins from the current levels and meeting its EBITDA margin
guidance of 18-20% for FY2012E as also communicated earlier to the Street. The
company sees SG&A leverage, pricing improvement and employee pyramid as the key
margin levers for next year.
Supply-side situation continues to be challenging. Attrition rates are coming down but
not a comforting pace yet. Laterals market continues to be very competitive. The
company expects wage inflation for the industry to remain high in FY2012E as well.
The company does not see the resignation of its current Chairman posing any disrutption
to business operations.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
MINDTREE- Key takeaways
The company continues to be optimistic of revenue growth in the IT services segment for
FY2012E. Traction in software engineering services is also strong, while R&D services
segment continues to be the weakest relatively. The company expects to grow faster than
the industry in FY2012E.
Confident of expanding margins from the current levels and meeting its EBITDA margin
guidance of 18-20% for FY2012E as also communicated earlier to the Street. The
company sees SG&A leverage, pricing improvement and employee pyramid as the key
margin levers for next year.
Supply-side situation continues to be challenging. Attrition rates are coming down but
not a comforting pace yet. Laterals market continues to be very competitive. The
company expects wage inflation for the industry to remain high in FY2012E as well.
The company does not see the resignation of its current Chairman posing any disrutption
to business operations.
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