Stock Market

Mphasis profit up 29% at Rs 278 cr in Dec quarter

   Download Android App    Share in      FullScreen   CheckVideos

IT company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the December 2018 quarter. The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement. Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in the October-December 2017 period. The company said it saw new deal wins of USD 122 million in direct international business, of which 81 per cent are in new-generation services. "Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas.

We are pleased with our overall performance in Q3 and our sustained execution road map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said. He further said: "We continue to stay focused on execution of our deal pipeline and supporting the growth momentum."




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21