Mphasis Delivers 7% Revenue And 8% Net Profit Growth In Q2 FY25
The company secured new total contract value (TCV) deals worth USD 207 million during the quarter, with 88 per cent of these wins coming from next-gen services
Mphasis has reported a 7.0 per cent year-on-year (YoY) increase in gross revenue during its Q2 FY25. On a quarter-on-quarter (QoQ) basis, revenue rose by 3.1 per cent. In constant currency terms, the company’s revenue grew by 5.4 per cent YoY and 2.4 per cent QoQ.
Net profit for the quarter ended September 30, 2024, climbed by 8.0 per cent YoY and 4.7 per cent QoQ, reaching Rs 423.3 crore. Direct revenue, a key growth area for Mphasis, increased by 7.9 per cent YoY and 3.2 per cent QoQ on a reported basis, further boosted by a 6.2 per cent YoY growth in constant currency.
The company secured new total contract value (TCV) deals worth USD 207 million during the quarter, with 88 per cent of these wins coming from next-gen services.
Operating margin stood at 15.4 per cent, while earnings per share (EPS) rose by 7.7 per cent YoY to Rs 22.4.
“Despite many ongoing challenges, the macro environment continues to trend in the right direction. We are witnessing increased AI adoption across clients to address enterprise challenges with higher efficiency and accuracy, beyond cost advantage. Savings led transformation thesis is core to all our deal archetypes and solutions, thus significantly enhancing service delivery and savings for clients”, said Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis.
