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 second quarter ended 30
• Gross Revenue grew 4.0% QoQ and 23.9% YoY on a reported basis. In Constant Currency, growth was 1.8% QoQ and 16.8% YoY
• New TCV wins of USD 302 million in Q2 FY23 in Direct, of which 81% is in new generation services
• Two large deal wins in Q2 FY23 totaling to USD 110 million; TCV wins of H1’FY23 USD 604 million
• Direct revenue grew 4.2% QoQ and 26.6% YoY on a reported basis. In Constant Currency, revenue grew 2.0% QoQ and 19.2% YoY
• Net profit grew 4.1% QoQ and 22.6% YoY to ₹ 4,185 million in Q2 FY23
• EPS grew 4.0% QoQ and 22.0% YoY to ₹ 22.2 in Q2 FY23.
“Our consistent performance is proof of our timely and continued investment in the right growth areas, while executing on our fundamental strengths. We have institutionalized a strong deal archetype playbook by account, for protecting the core, repeatable growth in capability-led transformation and accelerating from ‘Run’ to ‘Change’, at the speed of our clients,” said Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis.
Deal Wins:
• A leading US Bank has engaged Mphasis for cloud adoption and modernization of their retail banking
applications, optimizing the cost of operations over time
• Mphasis has partnered with a leading logistics provider to develop their architecture processes,
playbooks, best practices, and guidelines to account for Architecture assurance
Awards and Recognitions:
• Recognized as one of the Best Tech Brands 2022 by The Economic Times
• Ranked #2 out of 27 EMEA companies and #34 out of 130 North American companies in the 2022 Global
Talent Board CandE Benchmark Research Program
• Named a ‘finalist’ in the Wells Fargo Innovation Challenge 2022 – ‘Designing the Multi-X Future’
• Won Silver at the prestigious Brandon Hall awards 2022 for excellence in Talent Acquisition
• Won the ISG Provider Lens Award 2022 for Public Cloud – Services & Solutions.
Analyst Positioning:
• Recognized as Major Contender in Everest Group’s Financial Crime and Compliance Operations Services
PEAK Matrix® Assessment 2022
• Identified as ‘Cool Vendors in Quantum Computing’ by Gartner
• Ranked in Top 10 by HFS for HCP Service Providers, 2022
• Positioned as a “Major Contender” in Everest Group’s PEAK Matrix Assessment 2022 for Connected
Medical Device Services
• Ranked in Top 10 by HFS for Cybersecurity Service Providers, 2022
• Ranked in HFS Top 10: Capital Markets Services, 2022—Formidable Challengers
• Featured in ‘The Breakthrough 15’ in the 79th ISG Index Q2 2022
• Recognized as Major Contender in Everest Group’s Data and Analytics D&A Services PEAK Matrix®
Assessment 2022
• Recognized as Major Contender in Everest Group’s IT Security Services PEAK Matrix® Assessment 2022 –
North America
• Recognized as Major Contender in Everest Group’s System Integration (SI) Capabilities on Microsoft
Azure Services PEAK Matrix® Assessment 2022
• Recognized as Major Contender in Everest Group’s System Integration (SI) Capabilities on Amazon Web
Services (AWS) PEAK Matrix® Assessment 2022
• Positioned as a Major Contender in Everest Group’s Multi-Cloud Application Development Services PEAK
Matrix® Assessment 2022