Page 4 - Mphasis

Infosys, Tech M: Tech charts suggest its time to bottom fish IT stocks

The NSE IT index has been moving in a tight range, a breakout in either direcion can trigger a 2,000 points movement.

IT company Mphasis appoints Dave Cassie as new country head Canada

Cassie is experienced in consulting, technology solutions, outsourcing, and transformation in multiple industries across North America

Stocks to Watch: RIL, Asian Paints, HUL, BoM, PNB Housing, VodaIdea, Biocon

Bandhan Bank, HDFC Life, Hindustan Zinc, Voda Idea, Inox Leisure, JSW Steel, Kajaria Ceramics, L&T Fin Holdings, PVR, Reliance Industries, SBI Life and Supriya Lifescience to announce results today

Mphasis net profit rises 9.8% to Rs 357.6 crore in December quarter

IT firm Mphasis on Thursday reported a 9.8 per cent increase in consolidated net profit at Rs 357.6 crore for the December 2021 quarter. The company's net profit stood at Rs 325.5 crore in the year-ago period, Mphasis said in a regulatory filing. Adjusted for M&A charges, net profit grew 16.8 per cent year-on-year to Rs 380.2 crore, it added. Revenue from operations grew 26.2 per cent to Rs 3,123.7 crore in the reported quarter from Rs 2,474.3 crore in the year-ago period. The company said its gross revenue grew 7.8 per cent quarter-on-quarter and 24.2 per cent year-on-year in constant currency terms. Its earnings per share (EPS) grew 9.5 per cent y-o-y to Rs 19.1. The company's new total contract value (TCV) wins stood at USD 335 million in Q3 FY22 in Direct business. "We have had a third consecutive quarter of strong revenue growth in FY 22. We have also undertaken multiple expansion initiatives in areas of geography, leadership, digital competencies, New Client Acquisition ..

Infosys, Mphasis, TCS: IT stocks can minimize your losses in portfolio

Major IT stocks are either on verge of breakout or holding the positive bias, the positive sentiment may see up to 10% gains

Sensex slips 336pts; Nifty Bank at new high; RIL falls 3%, TaMo DVR up 10%

Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns

Stocks to Watch: Asian Paints, Biocon, IDBI, JSW Steel, Lodha, TVS Motors

State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today

Acquisition, portfolio expansion to aid revenue growth for Mphasis

Near-term returns may be muted given the sharp run in stock price

Mphasis acquires US-based Blink UX for $94 mn in an all cash deal

Founded in 2000, Blink has over two decades of expertise using its evidence-driven Design SM process to define digital user experience for clients

We are prioritising growth in direct business: Nitin Rakesh of Mphasis

In a Q&A, the executive director and CEO of the firm talks about growth drivers, demand scenario in direct business and supply side concerns

Mphasis surges 12%, hits new high on strong June quarter results

Mphasis won a total contract value (TCV) of $505 million in Direct business during the quarter, the highest ever in the history of the company

Mphasis' Q1 net profit grows 23% to Rs 340 crore; revenue rises 17%

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

Mphasis granted US patent for AI-driven app, infra management solution

The newly issued patent provides a solution for enterprises worldwide to optimise their technology investments through in-depth data analysis

Mphasis on alpha returns: Why Blackstone finds Indian IT so attractive

The expansion of its stake in the mid-size IT services company is part of a trend of PE players betting big on the Indian IT sector

Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

Mphasis consolidated net profit declines 10.2% to Rs 316.9 cr in Q4

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 shares decline 2% on muted March quarter performance

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

Mphasis to set up nearshore centre near London, expects to invest GBP 25 mn

Bengaluru-headquartered IT solutions provider Mphasis said on Tuesday it is expanding its footprint in the UK with a special focus on digital transformation initiatives in banking & insurance, by establishing a nearshore centre, outside of London. Mphasis expects to create close to 1000 UK jobs to begin with; invest over GBP 25 million upfront towards establishing the centre, and provide upskill and training in both digital transformation as well as domain expertise in the UK banking & insurance segments. UK Prime Minister Boris Johnson was quoted as saying in a company statement: "Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. Im very pleased thatMphasishas decided to join the legions of Indian companies investing in the UK, boosting our tech sector, and driving economic growth." "I am excited to elevate our presence in the UK to support future growth, improve operating agility, flexibility

PE Player Blackstone bets big on Mphasis, to acquire additional 26% stake

Blackstone, Abu Dhabi Investment Authority, UC Investments and GIC to invest $2.8bn to acquire majority stake

Mphasis surges 6% as Blackstone to buy controlling stake in firm

Blackstone had bought around 61 per cent stake in Mphasis from Hewlett Packard Enterprise in 2016 in a deal worth up to $1.1 billion