On October 17, Midcap IT firm Mindtree will report its September quarter numbers. The analyst expects that the company to report revenue of Rs 1,748 crore during the quarter, and profit of Rs 184.5 crore.

Furthermore, it has expected Mindtree to report 4.5% sequential USD revenue growth in the quarter.

Given that the company reflected that second quarter USD revenue growth would be lesser than the previous quarter.

A  sequential revenue growth of 5.7 %, while Prabhudas Lilladher expects it to be 4 % in constant currency terms.

EBITDA margin is expected to expand by 140 bps QoQ to 15.5%, primarily because of INR depreciation, the absence of wage hikes and absence of the Stanford endowment (60 basis points)”, said by the analyst.

4 Key things to focus:

– Momentum in revenue growth in the top account (Microsoft)

– Update on the health of top clients, and trajectory expected through the rest of the year

– Margin forecast gave an improvement in organic growth and in acquired entities

– Deal wins during the quarter and growth in digital business

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