‘Mindtree expects Europe to grow faster than U.S. in FY22’

Focused M&As are key to our growth strategy, says MD

Larsen & Toubro-owned mid-tier tech firm Mindtree is actively looking at suitable, but selective M&A targets that will help the company further its digital vision for its global clients, said CEO & MD Excerpts: The context is that an unprecedented disruption caused by the pandemic has created a sense of urgency among businesses to leverage technology to stay relevant. We believe we have a differentiated strategy, capabilities, portfolio, and partnerships to help our clients reimagine their business models and become future-ready. Strategic initiatives that we undertook through last year – investments in strengthening leadership, client relationships, service offerings, and operational efficiencies – are yielding good results. All these are positioning us well to deliver industry-leading double-digit growth this year. We just delivered our fourth consecutive quarter (Q1) of solid growth despite difficult times. We reported broad-based growth across service lines, industry segments and geographies. Our order book of half-a-billion U.S. dollars, up 34.2% sequentially, is the highest ever in our history.