Mphasis Direct grows 32% YoY in Q3 FY16

February 5 2016,  10.47 aM IST || Pocket News Alert

Bengaluru, 4 February 2016: Mphasis Limited today announced its financial results for the third quarter ended 31st December 2015.

Results Highlights

·         Deals won with $61 million TCV in Direct international business. 46% in Next Gen services

·         Direct International business grew 3.1% QoQ and 32% YoY

·         Mphasis awarded “‘ET Best Tech Brands – Most Distinguished Digital Company 2015” by The Economic Times

·         American Banker and BAI name Mphasis as one of the Top Companies in FinTech

·         Operating margin at 13.2%.

“The entire industry is witnessing change in demand patterns. Digital revolution would necessitate organizations to innovate and specialize. We are enjoying the benefits of our transformation towards hyper-specialization and customer focus.” said Ganesh Ayyar, Chief Executive Officer, Mphasis

“Our productivity improvement plan has provided stellar impact despite 160 bps impact from wage hike. This gives us greater confidence to deliver on our margin goals.” said V. Suryanarayanan, Executive Vice President & Chief Financial Officer, Mphasis.

Mphasis Direct grows 32% YoY in Q3 FY16