Mphasis Results

IT solutions provider Mphasis on Friday reported a 10.79 per cent increase in consolidated net profit to Rs 469 crore for the July-September quarter. The company had reported a net profit (attributable to equity owners of the company) of Rs 423.3 crore in the year-ago period, according to regulatory filings. The Bengaluru-headquartered company's revenue from operations rose 10.34 per cent to Rs 3,901.91 crore in Q2 FY26, as against Rs 3,536.14 crore in Q2 FY25. Seen sequentially, profit and revenue rose by 6.18 per cent and 4.53 per cent, respectively. Our early, focused investments in AI have positioned Mphasis as a strategic partner for clients navigating their transformation journey. Another strong quarter of total contract value (TCV) wins of USD 528 million is a testimony to our AI first approach delivering business outcomes, across diverse industries., said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis. As much as 87 per cent of the deal wins were in

The company's consolidated net profit grew nearly 15 per cent to Rs 428 crore ($49.54 million) for the quarter ended Dec. 31 compared with analysts' expectations of Rs 426 crore

The northward move in Mphasis share price came after New York-based financial services company Jefferies initiated coverage with 'Buy' for a target price of Rs 3,460 per share

The rise in Mphasis share price came after the company reported a healthy September quarter (Q2FY25) results.

On the bourses, Mphasis has rallied 26.7 per cent in the last three months, driven by expectations of interest rate cuts in the US and early signs of recovery in the US-BFS sector.

IT company Mphasis posted a 2.98 per cent decline in consolidated net profit to Rs 393.2 crore in the March quarter of FY24. The company posted a net profit of Rs 405.3 crore in the same period a year ago. The consolidated revenue from operations of Mphasis Group, however, increased marginally to Rs 3,142 crore during the fourth quarter of the previous fiscal from Rs 3,361.2 crore a year ago, the company said in a regulatory filing. During the reporting quarter, Mphasis registered new TCV (total contract value) wins of USD 177 million (about Rs 1,475 crore). "We are experiencing strong growth momentum in Artificial Intelligence (AI) powered deal archetypes, as we look to capture the enterprise demand for AI adoption. "Our ability to orchestrate the ecosystem by bringing technology and people together to solve for customer needs strongly positions us for growth in FY25, while we continue to work around the uncertainties in the overall economic environment," Mphasis, Chief Executive

Q3 IT preview: Elara Securities said that added that other large firms may witness a revenue dip of 1-1.3 per cent QoQ CC given weak seasonality

The total income for Q2FY24 came in at Rs 3,325.5 crore, compared to Rs 3,563.2 crore year-on-year, registering a fall of 6.67 per cent

IT services company Mphasis has reported 1.4 per cent decline in net profit for June quarter to Rs 396 crore, according to a BSE filing. Net profit stood at Rs 401 crore in the year-ago period (Q1FY23). The company registered a revenue of Rs 3,252 crore, a 4.66 per cent decline from Rs 3,411.2 crore in the same period last year. Sequentially, profit was down 2.3 per cent from Rs 405 crore in March quarter. "While the macro-economic environment is still uncertain, we continue to broad base our growth across client segments, verticals, and geographies, with strong pipeline growth," Chief Executive Officer and Managing Director of Mphasis Nitin Rakesh said. He also predicted a revenue growth pick-up in the remaining quarters of the year based on improved visibility driven by deal wins, bottoming of the mortgage cycle and early signs of increased activity.

In constant currency, growth was 16.3 per cent on y-o-y basis, and 5.9 per cent on q-o-q basis

IT firm Mphasis has reported a 10.2 per cent decline in its consolidated net profit to Rs 316.9 crore in the March 2021 quarter

Mphasis Q4 results: Net profit margins contracted from 15.06 per cent in the year ago period to 12.56 per cent in the quarter under study. The margin also declined 60 bps on sequential basis

The company's net profit stood at Rs 2 billion in the year-ago period, Mphasis said

Mphasis reported 4.3 per cent decline in net profit to Rs 197.6 crore for the July-September quarter. The mid-size IT services firm's revenues grew 5.7 per cent to Rs 1604.7 crore during the period. The company posted net profit of Rs 206.7 crore on revenues of Rs 1517.6 crore during the corresponding period last year.Mphasis saw impact of depreciation of Indian rupee against US dollar in revenue. The company's direct core revenue grew 7.2 per cent year-on-year, while HP-DXC revenues grew 14.3 per cent. It has seen significant deal wins in the digital and new service areas. "Growth was led by sustained traction in the HP-DXC business and operating margins improved by 64 basis points sequentially at 14.4 per cent on improved utilization and better pricing realizations in onsite delivery," said analysts at Emkay Global Financial Services. Mphasis board has appointed Eric Winston as Executive Vice President, General Counsel and Chief Ethics & Compliance Officer and Subramanian ...