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The Silicon Review Asia

Analysts have predicted that Mindtree would witness cloud-based growth over the new few years

Analysts have predicted that Mindtree would witness cloud-based growth over the new few years

Mindtree, a popular multinational technology company specializing in IT, has recently made an announcement that the company is expected to witness growth from new cloud deals in the next three to four years. The company is now pivoting its focus towards moving its applications from on-premise data centers to the internet. Analysts have predicted that the company is now well-poised to achieve success when compared to its peers because its cloud strategy is sleek. As a result of this, Mindtree has received better ratings from analysts.

 The company is based in Bangalore, and it has so far earned more than 20 percent of its revenue from the top clients. Mindtree is a billion-dollar company, and as of now, it has started to push for a broader range of exposure from different clients. Mindtree is now spending more than 20 to 30 percent on cloud hyperscalers like Amazon, Google Cloud, and Azure. This effort is expected to grow by 1.5 times in the coming three years with the agile assistance from its digital talent pool. IT analyst from HDFC Securities, Apurva Prasad, has stated that Mindtree stands from the rest due to its stronghold in Azure as well as its penetration with other hyperscalers.

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