Mastek Analyst Meet Update - Aiming For Robust Revenue Growth: IDBI Capital
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IDBI Capital Report
We attended the Mastek Ltd.'s Analyst meet where the company discussed its vision for FY 25-26, strategies and execution plans. Mastek would aim to achieve $1 billion revenue by FY 25-26 (revenue compound annual growth rate of 36% for FY 22-26).
In order to achieve the ambitious targets set, the company has set out distinct plans for its European, UK and America business. The company would leverage its dominant position in UK public sector space to expand presence in other verticals and private sector in Europe and UK by implementing land and expand strategy.
Mastek would approach American business with a fresh approach leveraging the strong presence of Evosys and expertise of Mastek.
Asia Pacific, Middle East and Africa business is expected to see some change as the company would focus only on high value and profitable businesses as this region is observing increased traction.
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