“Against the backdrop of a very challenging environment globally, our order book continues to be healthy and we continue to renew and gain market share within our portfolio,” said Debashis Chatterjee, chief executive officer and managing director, Mindtree.
In Q1, Mindtree’s headcount stood flat at 21,955 sequentially, with its attrition rate falling by 80 basis points to 16.6 per cent.
“In the near term, we continue to see uncertainty in the travel segment (due to the pandemic). While deal conversions are taking a little longer, we are seeing good demand traction in communications, media and technology (CMT) and retail, consumer-packaged goods and manufacturing (RCM) segments. With all these, we expect Q2 to be better than Q1."
“All the pending (job) offers will be rolled out and we will continue hiring, though it will be limited to fulfill only specific needs,” Chatterjee said. The company does not intend to lay-off employees, he added.
The management also downplayed concerns stemming from US President Donald Trump's H1B visa restrictions saying that around 70 per cent of its hires in the US are locals.
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