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Mphasis Gross Revenue Grew 22.6 Percent YoY in FY 2019

Mphasis Limited, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, announced its financial results

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Mphasis Limited, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, announced its financial results for fourth quarter and financial year ended 31st March 2019.

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Quarter ended 31st March 2019

  • Gross Revenue grew 20.2% YoY and 2.2% QoQ on a reported basis. In constant currency growth was 12.6% YoY and 2.9% QoQ
  • DXC/HP revenue grew 26.1% YoY and remained flat QoQ on a reported basis. In constant currency growth was 19.4% YoY and 0.4% QoQ
  • Direct International revenue grew 18.8% YoY and 3.5% QoQ on a reported basis. In constant currency growth was 10.4% YoY and 4.3% QoQ
  • Direct Core revenue grew 27.7% YoY and 2.9% QoQ on a reported basis. In constant currency growth was 18.8% YoY and 3.7% QoQ

Year ended 31st March 2019

  • USD 616 million TCV wins in Direct International business of which 79% in new generation services; a 11.8% increase YoY
  • Overall Gross revenue grew 22.6% on reported basis and 14.2% in constant currency
  • DXC/HP revenue grew 32.0% on reported basis and 22.9% in constant currency
  • Direct Core revenue grew 25.4% on reported basis and 16.3% in constant currency
  • Net profit (after exceptional items) grew 28.2% YoY to INR 10,734 million
  • EPS (after exceptional items) grew 31.4% YoY to INR 56.1
  • Mphasis Board of Directors recommended a dividend of Rs 27 per share for FY 2019.

“We are very encouraged by the consistent and healthy growth of Mphasis over the quarters; especially in New Gen Services which contributes to 46% of our Direct Core portfolio. We continue to invest in growing our service offerings and strengthening our go-to-market; both by building core offerings as well as partnering with the best-in-class,” said Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis.

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