MphasiS April quarter net drops 13%

With parent (HP) going through tough times, the ripple effects were being felt at MphasiS, its majority owned subsidiary in India.

In the quarter ended April 30, posted a 13 per cent drop in net profit to Rs 189.43 crore, against the same period in the previous accounting period. Revenue went up by six per cent to Rs 1328.9 crore, compared with the year-ago period. On a sequential basis, net profit went up by 2.5 per cent, whereas revenue declined by three per cent.

Its headcount reduced to 37,179 (including billable contract employees and BPO employees) from 38,798 at the end of the previous quarter. In the year-ago period, it stood at 41,739.

It improved the utilisation rate for its application services and infrastructure technology outsourcing services business by 300 basis points each to 80 and 84 per cent, respectively, when compared with the previous quarter, resulting in improvement of its operating margin by 80 basis points to 14.3 per cent when compared with the previous quarter.

image
Business Standard
177 22
Business Standard

MphasiS April quarter net drops 13%

Bs Reporter  |  Bangalore 

With parent (HP) going through tough times, the ripple effects were being felt at MphasiS, its majority owned subsidiary in India.

In the quarter ended April 30, posted a 13 per cent drop in net profit to Rs 189.43 crore, against the same period in the previous accounting period. Revenue went up by six per cent to Rs 1328.9 crore, compared with the year-ago period. On a sequential basis, net profit went up by 2.5 per cent, whereas revenue declined by three per cent.

Its headcount reduced to 37,179 (including billable contract employees and BPO employees) from 38,798 at the end of the previous quarter. In the year-ago period, it stood at 41,739.

It improved the utilisation rate for its application services and infrastructure technology outsourcing services business by 300 basis points each to 80 and 84 per cent, respectively, when compared with the previous quarter, resulting in improvement of its operating margin by 80 basis points to 14.3 per cent when compared with the previous quarter.

RECOMMENDED FOR YOU

MphasiS April quarter net drops 13%

With parent Hewlett-Packard (HP) going through tough times, the ripple effects were being felt at MphasiS, its majority owned information technology services subsidiary in India.

With parent (HP) going through tough times, the ripple effects were being felt at MphasiS, its majority owned subsidiary in India.

In the quarter ended April 30, posted a 13 per cent drop in net profit to Rs 189.43 crore, against the same period in the previous accounting period. Revenue went up by six per cent to Rs 1328.9 crore, compared with the year-ago period. On a sequential basis, net profit went up by 2.5 per cent, whereas revenue declined by three per cent.

Its headcount reduced to 37,179 (including billable contract employees and BPO employees) from 38,798 at the end of the previous quarter. In the year-ago period, it stood at 41,739.

It improved the utilisation rate for its application services and infrastructure technology outsourcing services business by 300 basis points each to 80 and 84 per cent, respectively, when compared with the previous quarter, resulting in improvement of its operating margin by 80 basis points to 14.3 per cent when compared with the previous quarter.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard