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MindTree
Remarks : MindTree is a mid-tier information technology (IT) services company with FY2011 revenues at $331 million
(up 22% YoY).
For the last two quarters the company has surprised the Street on both earnings and revenue fronts.
The renewed focus on the core business would drive an uptick in the financial performance.
MindTree has moved from being a horizontal sales-driven organisation to a vertically organised company
and is currently focusing on fewer verticals/spaces unlike in the past.
MindTree has seen a sharp de-rating in valuation multiples, which, we believe, will get reversed over the
medium/long term as the company gets its act together in the core IT services business.
click link below for COMPLETE list, details of other company in Mahurat Picks for Diwali 2011 ::ShareKhan
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