Page 5 - Mphasis

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

Blackstone to buy controlling stake in Mphasis for up to $2.8 billion

Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion

Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100

The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close

Mphasis reports 10.8% rise in consolidated profit to Rs 325.5 cr in Dec qtr

The company's net profit stood at Rs 293.6 crore in the year-ago period, it said in a regulatory filing

Concerns may be overdone, downside limited for Mphasis stock

While there are worries over de-growing DXC business and buzz of Blackstone's exit, deal pipeline and growth in other verticals remain strong

Mphasis, R3 join hands to develop blockchain-based payments solution

Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, on Tuesday announced its partnership with R3, a leading global enterprise software firm.

Nifty view and stock calls by Anand Rathi: Buy Glenmark Pharma, MPhasis

Glenmark Pharma's stock is taking the support of a rising trend line

Nifty IT index hits record high; Infosys, TCS, HCL Tech gain over 2%

Thus far in the month of July, the Nifty IT index has outperformed the market by surging 19 per cent as against Nifty 50 index which was up 8.25 per cent during the same period

Mphasis rallies 9% on in-line June quarter earnings, new deal win

Signing of new deal worth $216 million deal in July 2020, in addition to the Q1 TCV declared wins worth $259 million also boosted sentiment

Market Ahead, May 13: Top Factors That Could Guide Markets Today

Today, a total of 10 companies, including Maruti Suzuki India, MPhasis, and ABB are scheduled to announce their results

Mphasis signs partnership agreement with French company Oodrive

Mphasis, an information technology solutions provider specialising in cloud and cognitive services, on Wednesday announced that it has signed a partnership agreement with French group Oodrive. Oodrive, which provides digital workplace solutions for professionals to share, save and sign their sensitive data, will integrate its CertSign digital signature solution with Wynsure, Mphasis' core software solution for the insurance industry, the Bengaluru-headquartered company said. By integrating Oodrive's CertSign digital signature solution, Mphasis is able to offer a new digital subscription process, ensuring paperless signature authentication and online contractual value, it said in a statement. CertSign complies with the General Security Repository and the elDAS European regulations, which are currently the highest standards in the market for sensitive data protection, according to the statement.

Mphasis Q4 net profit up 11.9% at Rs 266 cr; revenue rises by 16%

For the full 2018-19, Mphasis' net profit was up 28.1 per cent to Rs 1,073.35 crore

Blackstone portfolio giving us strong growth avenues, says Mphasis CEO

If you look two years back, the portion of fixed price contracts has risen from 11% to around 25%, said Mphasis CEO Nitin Rakesh

Mphasis net profit rises 29.3% to Rs 278 crore in December quarter

The company said it saw new deal wins of $122 million in direct international business, of which 81 per cent are in new-generation services

MphasiS: The classic turnaround story of a once struggling company

MphasiS has been a steady performer on the operational front from the last two years.