INSUBCONTINENT EXCLUSIVE:
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."
