Mindtree Ltd impressed the Street with better performance in the March quarter. The stock gained 8% in the early deals on Monday after the company reported a 1.9% sequential constant currency revenue growth and 1.5 percentage-points expansion in operating profit margins, despite business disruption by covid-19 and notable slowdown in travel & hospitality business.

Volume growth was also strong (up 4.1%) and deal wins at $393 million are highest in recent quarters. “Mindtree’ March 2020 quarter surprised positively on margin performance, with adjusted Ebit margins improving to 14.8%, reflecting disciplined execution under the new leadership in H2FY20 and aided by a curtailment of sales, general administration staff (expenses) as well,"

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
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