Mphasis Q1 profit up 8.4% on-year on strong BFSI, TMT show

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Blackstone-backed mid-sized IT firm Mphasis on Friday reported a first-quarter net profit of Rs 442 crore, up 8.4% from a year earlier by 1.1% lower sequentially.

Revenue for the quarter ended June 30 rose 9.2% YoY to Rs 3,732 crore, lifted by strong performance in its verticals serving the banking, financial services & insurance (BFSI) and technology, media & telecommunications sectors, despite a 50% fall in logistics & transportation business. On year, the revenue was almost flat.

Geographically, the growth was boosted by the Americas, which…



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Mphasis Q1 profit up 8.4% on-year on strong BFSI, TMT show



Blackstone-backed mid-sized IT firm Mphasis on Friday reported a first-quarter net profit of Rs 442 crore, up 8.4% from a year earlier by 1.1% lower sequentially.

Revenue for the quarter ended June 30 rose 9.2% YoY to Rs 3,732 crore, lifted by strong performance in its verticals serving the banking, financial services & insurance (BFSI) and technology, media & telecommunications sectors, despite a 50% fall in logistics & transportation business. On year, the revenue was almost flat.

Geographically, the growth was boosted by the Americas, which…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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