Mindtree is optimistic about the demand environment across all our chosen verticals and continues to see improvement in our win ratio. Our continuing strategic investments in expertise for Domain, Digital and Run are clearly recognized by the market.
Our overall pipeline has increased by 32% compared to FY 17. Digital pipeline grew by a very healthy 66% compared to FY 17.
We continue to see very strong traction across all our verticals – Banking, Financial Services and Insuance, Technology, Media and Services, Travel and Hospitality, Retail, CPG and Manufacturing. Some of the engagements we have been executing for our clients are path breaking for their respective industries. We also have a strong recognition in the market place owing to our partnerships with Cloudera, AWS and Azure, content management with Adobe etc.
From a Financial Outlook perspective:
- We expect revenue growth momentum to be stronger in FY 19. With this, we are confident of improving the margin in FY 19 as compared to FY 18.
- We plan to hire 1,900 campus graduates in FY 19. We continue to invest in sophisticated hiring and learning platforms to upskill Mindtree Minds and deliver transformational business outcomes.
- Effective Tax Rate (ETR) for FY 19 would be in the range of 27-28%, a slight increase due to some of the facilities entering the 50% tax bracket. We expect this range to continue for next few years barring any new legislation that may affect the tax rate.
Our four strategic priorities elaborated earlier viz. Digital Packages and Platforms, Focused Innovation for Run and Grow, Consulting First and Automation will enable us to establish market leadership and provide industry-leading returns to our stakeholders.