SynopsisThe Bengaluru-headquartered company’s revenue for the three months ended June 30 rose 17.5% year-on-year and 3.3% quarter-on-quarter to Rs 4,384.05 crore. That beat analyst expectations for 2% sequential growth.Mid-sized IT services firm Mphasis on Friday reported a first-quarter net profit of Rs 489.5 crore, up 11% from a year earlier. Sequentially, the profit declined 3.9% on account of higher tax expenses.The Bengaluru-headquartered company’s revenue for the three months ended June 30 rose 17.5% year-on-year and 3.3% quarter-on-quarter to Rs 4,384.05 crore. That beat analyst expectations for 2% sequential growth.“While the macroeconomic conditionsNow Playing
Mphasis reports 11% rise in Q1 net profit, revenue beats estimates - The Economic Times
The Bengaluru-headquartered company’s revenue for the three months ended June 30 rose 17.5% year-on-year and 3.3% quarter-on-quarter to Rs 4,384.05 crore. That beat analyst expectations for 2% sequential growth.
TL;DRAI
Mphasis posted Rs 489.5 crore net profit (+11% YoY) and Rs 4,384 crore revenue (+17.5% YoY, +3.3% QoQ), beating 2% sequential growth estimates. Signals resilient outsourcing partner during macro uncertainty; implications for vendor selection and IT spend strategy.
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