Mphasis Q2 net profit rises 10.8%, demand stable despite macro hurdles

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IT solutions provider rel=”dofollow” href=”https://economictimes.indiatimes.com/mphasis-ltd/stocks/companyid-8684.cms” target=”_blank”>Mphasis is seeing stable demand despite muted macroeconomic signals, as operational efficiency and cost savings remain at the centre of client priorities, said Nithin Rakesh, chief executive of the company, which reported its second quarter results late on Thursday.

The macro environment has fairly remained the same… it hasn’t improved but it hasn’t deteriorated. But there are nuances… while there is an AI gold rush, most of the AI spend that clients are trying to make is really by freeing up something else,” Rakesh told ET…



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Mphasis Q2 net profit rises 10.8%, demand stable despite macro hurdles



IT solutions provider rel=”dofollow” href=”https://economictimes.indiatimes.com/mphasis-ltd/stocks/companyid-8684.cms” target=”_blank”>Mphasis is seeing stable demand despite muted macroeconomic signals, as operational efficiency and cost savings remain at the centre of client priorities, said Nithin Rakesh, chief executive of the company, which reported its second quarter results late on Thursday.

The macro environment has fairly remained the same… it hasn’t improved but it hasn’t deteriorated. But there are nuances… while there is an AI gold rush, most of the AI spend that clients are trying to make is really by freeing up something else,” Rakesh told ET…



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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