Mphasis' September quarter net slips 4% to Rs 197 cr

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