“In this role, Mike will spearhead strategic deals in collaboration with various business units, enhancing overall growth, alignment, and effectiveness. He will be responsible for pipeline development along with end-to-end sales cycle management to optimize market opportunities for high-value contracts,” Bengaluru-headquartered Mphasis said in a statement.
“Aligned to our focus on large deals and strategic sales, I am delighted to welcome Mike to the Mphasis executive leadership team. With his extensive expertise in guiding organizations towards winning strategic deals, Mike will play a critical role in driving our key growth priorities forward,” said Nitin Rakesh, CEO and managing director, Mphasis.
With over 25 years of work experience, Meyer spent more than 22 years at global IT giant Cognizant which he quit in 2022 as global head for strategic engagements building the practice that grew into a multi-billion-dollar contributor of closed contract value annually.
Prior to Mphasis, Meyer had a brief two-year stint at Capto Consulting where he spearheaded provider-side service offerings primarily focused on building go-to-market strategies, large deal capabilities, industry best practices, and transformation of sales teams to fuel the growth of developing enterprises.
On his appointment at Mphasis, Meyer said, “I’m confident that our efforts will drive growth through transformational deals that align with our clients’ business objectives.”
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For the September quarter of FY25, Mphasis reported a 4.6% sequential increase in net profit for the quarter ending September. The net profit stood at Rs 423 crore, up from Rs 404 crore in the first quarter. On a year-on-year (YoY) basis, net profit was up by 8%. Revenue rose by 3.3% sequentially and 7.9% YoY to Rs 3,536 crore.During the period, the firm secured a total contract value (TCV) of $207 million, which includes three large deals.
