Mphasis Q2 net revenue up 4.5%


Mphasis Ltd posted results for the second quarter ended 30th September 2017.

The net profit grew by 5.6% QoQ and net revenue grew by 4.5% QoQ to Rs. 16,047mn.

“In the midst of the technology macro shifts, we believe Mphasis has found the sweet spot in the digital space with a unique combination of cloud and cognitive-based solutions,” says Mphasis CEO Nitin Rakesh.

The direct core revenue grew 7.2% yoy.

The company said that it saw robust deal wins of USD 123 million total contract value (TCV) in direct international business, of which 72 per cent were in focus areas of digital, NextGen and Governance, Risk and Compliance (GRC).