Mphasis Q1 results showcase growth of 10.7% QoQ and 11.4% YoY FY16
Mphasis Limited unveils its financial results for the Q1 ended 30th June 2015.
Business Updates
Continues to build strong pipeline with robust deal wins of US$ 76 million TCV in Q1 FY16 providing good revenue visibility in Direct International business.
Launched HyperGraf- the company’s first product offering developed by its technology incubator Next Labs. HyperGraf is an Omni-channel Digital 360 solution that provides enterprise decision-makers with comprehensive, accurate and real-time customer engagement insights.
Signed two definitive agreements for sale of India domestic BPO business.
Financial Updates
Consolidated net revenues grew by 4.7% sequentially on a reported basis and 2.6% net of rupee depreciation in Q1 FY16.
Operating margin increased by 20 bps to 12.7% during Q1 FY16.
Cash and cash equivalents increased by ` 1,528 million during the quarter to ` 29,168 million (US$ 458 million).
Talking on the financial results, Ganesh Ayyar, Chief Executive Officer, Mphasis said, “These results reinforce our confidence in growing Direct International faster than market. This quarter saw strong growth and continued momentum in new wins. Good start to FY16.”
