financetom
Business
financetom
/
Business
/
Mindtree expects FY19 to be a "very strong growth year"
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mindtree expects FY19 to be a "very strong growth year"
Jul 20, 2018 2:58 AM

Software maker Mindtree reported a 13 percent decline in net profit on a sequential basis .

Rostow Ravanan, managing director and CEO of Mindtree spoke to CNBC-TV18 about the earnings and the company's outlook.

“Our comment on improving margins in FY19 compared to FY18 still stands on a constant currency basis. We will improve profits this year,” he said.

“We expect FY19 to be a very strong growth year. If you see over the last three-four quarters, every quarter we have been accelerating revenue growth, good deal-wins, good pipelines, increasing win ratios, so many things are going well for us based on the strategy and the investments that we have made. So hope we should continue a strong momentum for the year," Ravanan said.

First Published:Jul 20, 2018 11:58 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Wall Street Forecasters Revamp Walgreens Price Expectations Ahead Of Q2 Earnings
Top Wall Street Forecasters Revamp Walgreens Price Expectations Ahead Of Q2 Earnings
Apr 7, 2025
Walgreens Boots Alliance, Inc. ( WBA ) will release earnings results for the second quarter, before the opening bell on Tuesday, April 8. Analysts expect the company to report quarterly earnings at 53 cents per share, down from $1.2 per share in the year-ago period. According to data from Benzinga Pro, Walgreens projects quarterly revenue at $38.0 billion, compared to...
Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera
Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera
Apr 7, 2025
ROME (Reuters) - Pirelli is having difficulties investing in the United States because its largest shareholder is China's state-owned Sinochem, the Italian tyremaker's executive vice chairman Marco Tronchetti Provera said in a newspaper interview on Tuesday. Pirelli's Chinese and Italian shareholders are at odds over the group's governance as Washington cracks down on Chinese technology in the automotive industry, banning...
Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera
Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera
Apr 7, 2025
ROME, April 8 (Reuters) - Pirelli is having difficulties investing in the United States because its largest shareholder is China's state-owned Sinochem, the Italian tyremaker's executive vice chairman Marco Tronchetti Provera said in a newspaper interview on Tuesday. Pirelli's Chinese and Italian shareholders are at odds over the group's governance as Washington cracks down on Chinese technology in the automotive...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved