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Mastek Eyes Strong FY27 Growth Despite Middle East Slowdown, North America Fuels Optimism
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CNBC TV18•25-09-2026, 16:01
Mastek Eyes Strong FY27 Growth Despite Middle East Slowdown, North America Fuels Optimism
- •Mastek anticipates FY27 performance to surpass FY26, driven by strong North American growth despite Middle East pressures.
- •CEO Umang Nahata confirms continued guidance for FY27 improvement, acknowledging Middle East slowdown impacts overall growth pace.
- •Geopolitical uncertainty and public-sector spending cuts in the Middle East shift focus to cost savings over new growth projects.
- •North America shows robust momentum with four consecutive quarters of net-new order book growth, setting up a stronger H2 FY27.
- •UK and Europe remain stable, but leadership changes in the UK are delaying project decisions, impacting future growth opportunities.
Key Questions Answered
Mastek continues to expect its performance in FY27 to be better than FY26, supported by strong momentum in new orders from North America, despite ongoing pressure and a slowdown in its Middle East business.
The Middle East business has faced pressure due to continued geopolitical uncertainty and tighter public-sector spending, causing growth discussions to shift toward cost savings and efficiency rather than new projects.
North America is emerging as a key growth driver with healthy net-new order book growth for four consecutive quarters and support from past investments like the Innovaccer partnership. Meanwhile, the UK and Europe remain relatively stable with growing financial services and reviving healthcare sectors.
