Page 3 - Mphasis

HCL Technologies to outshine IT peers in Q3 results: Elara Securities

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

Mphasis Q2FY24 result: Consolidated profit at Rs 391 cr; revenue down 6%

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

Midcap IT services company Mphasis appoints Ayaskant Sarangi as CHRO

Before joining Mphasis, Sarangi served as CHRO at Wipro Enterprises, where he led human resources functions

Mphasis acquires Salesforce service partner Silverline for over $132 mn

Mphasis says the deal is part of its plan to prepare for future applied technology and predict trends

Mphasis reports slight decline of 1.4% in Q1 net profit to Rs 396 cr

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.

Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak

Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts

Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts

Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900

We have no exposure to troubled banks in the US: Blackstone-backed Mphasis

Says it has no business with or exposure to SVB, Signature Bank or Silvergate Capital as client or banker

Bajaj Finserv, Mphasis: Is it time to buy these stocks at current levels?

Check out the trading strategies in these frontline counters in a choppy market.

Stocks to Watch: RIL, PVR, HUL, Bata India, Sun Pharma, Vedanta, LTTS, Auto

Stocks to watch today: Jubilant Foodworks plans to open 3,000 Domino's stores - 250 stores for Domino's India in the next 12-18 months. It also plans to start 40-50 stores for Popeyes India

Mphasis extends grant to Ashoka University with Rs 18 crore in funds

Makerspace will be a collaborative workspace for making, learning, exploring, and sharing using high-tech to no-tech tools, which will enable the ideation of tech-enabled solution-centric startups

Large contracts in pipeline, deal win trend intact in medium term: Mphasis

Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, a top company official said

Are IT stocks a good contrarian bet from a one-year perspective?

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective

Indian tech firm Mphasis to create 1,000 jobs in northern England

Bengaluru-headquartered global technology and business process outsourcing company Mphasis will create 1,000 jobs in the northern England region of West Yorkshire, according to the regional Mayor who has just returned from a visit to India. West Yorkshire Mayor Tracy Brabin led a trade mission to India recently and announced on Friday that she had secured multi million-pound investment for the region. The latest investment by Mphasis, expected to be completed over the next two years, will boost the company's existing presence in West Yorkshire, where it already has a workforce of 500 based in the city of Leeds. It builds on the company's creation of a UK centre of excellence in Leeds for its insurance clients last year. "I'm delighted that Mphasis has chosen to invest millions of pounds here in West Yorkshire, and proud to have them as part of our business community and partners in driving the region forward," said Brabin. "These 1,000 new jobs will have a transformative impact on

IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns

In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.

Charts show Nifty IT index has bottomed out: 4 stocks can rally up to 24%

MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.

Stocks to Watch: RIL, ITC, CRISIL, PVR, GSFC, RBL Bk, Hindustan Zinc, Sugar

Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.

Here's why Vinay Rajani of HDFC Securities is bullish on MphasiS, Sobha

The technical analyst sees Nifty support moving higher to 15,400, and resistances for the NSE benchmark at 15,750, 15,883 and 16,150.

Mphasis sets up delivery centre in Alberta, Canada; to hire 1,000 people

The Blackstone-backed IT services major Mphasis will offer its next-generation digital technology services to both existing and new Fortune 500 clients through this centre

Bata, Pfizer: These MNCs have up to 12% upside despite sanctions on Russia

Pfizer is near its long-term support, which it has defended for the last five years. A rebound can trigger a 10 per cent upside for the stock.