Mindtree bets on six strategic levers to accelerate FY23 revenue growth

BENGALURU :

Bengaluru-based IT services firm Mindtree Ltd is betting on six strategic levers, apart from its 4x4x4 strategy, to accelerate revenue growth in FY23, the management said during its annual investor meet held on 23 February.

“The demand outlook for the industry continues to remain strong. It has not seen any slowdown due to the recent inflationary concerns. This, aided by the ongoing shift of spends to Cloud-based migration from legacy, will help reallocate its technology expenses,” Motilal Oswal said in a note based on the investor’s meet.

Mindtree detailed its six strategic levers: (a) Build full stack accounts: Clients that were utilizing one or two services are now using multiple capabilities to get the best outcome; (b) Reimagine the ecosystem: Undertaking sell to, sell with, and sell through with hyperscalers to capture expanded spending by clients; (c) Shift from run IT to product IT ops:…

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