Mphasis Limited (BSE – 526299; NSE – MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its financial results for the quarter ended 30th September 2023.
Quarter ended 30th September 2023
- Gross Revenue grew 0.7% QoQ and declined 6.5% YoY in Q2 FY24 on reported basis and remained flat QoQ and declined 10.1% YoY in Constant Currency
- Direct revenue grew 1.0% QoQ and declined 5.2% YoY on reported basis and grew 0.3% QoQ and declined 8.9% YoY in Constant Currency
- New TCV wins of USD 255 million in Q2 FY24 in Direct; of which 70% in new gen services
- Net profit declined 1% QoQ and 6.3% YoY to ₹ 3,919 million in Q2 FY24
- EPS declined 1.1% QoQ and 6.6% YoY to ₹ 20.8 in Q2 FY24.