“We anticipate softening of demand in FY21, as organizations address their concerns over business continuity, availability and survival. Investments that drive growth and expansion will be few and far between,” mentioned Debashis Chatterjee, CEO and managing director, Mindtree, within the firm’s annual report.
“We don’t truly know how long it will take for industries to fully recover from COVID-19. When they do, they will require new and unfamiliar approaches to solving problems,” added Chatterjee.
Mindtree’s bigger friends similar to Infosys, TCS, Wipro have cautioned about slowdown in purchasers’ companies throughout markets and uncertainty over new offers this fiscal.
Chatterjee, nevertheless, mentioned the Bengaluru-headquartered firm is “well positioned” to create worth for purchasers and construct resilience.
“In the post-COVID world we also anticipate changes in areas of the business, including the customer demand and delivery model. Most customers need to increase workspace collaboration and fortify their cybersecurity and cloud adoption strategies. In the longer term, organizations will require greater resilience in their operations, which will accelerate demand for cloud, data and customer experience technologies,” mentioned Chatterjee, including that prospects would proceed to ‘conserve cash and improve productivity of their assets’, and Mindtree would proceed to help these strategic initiatives.
Chairman A M Naik mentioned there are tough instances forward.
“As COVID-19 has brought about a generational upheaval, Mindtree is ready to address the coming changes in societies, cultures, businesses, trade and governance. Your company can leverage its innovations and entrepreneurial heritage to spearhead technology that helps companies and institutions to respond to the disruptions and confidently navigate uncertainty,” mentioned Naik within the annual report.
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