Mphasis Net Profit and EPS Grew Nearly 29% YoY in Q3 FY2019

Mphasis Limited, an Information Technology (IT) solutions provider specializing in cloud and cognitive services,today announced its financial results for the quarter ended 31st December 2018.

Highlights of performance for the Quarter ended 31st December 2018

• Gross Revenue grew 2.8% QoQ and 23.5% YoY on a reported basis; On constant currency basis, growth was 3.1% QoQ and 14.0% YoY
• Direct core revenue grew 5.9% QoQ and 27.6% YoY on a reported basis; On constant currency basis, growth was 6.0% QoQ and 16.9% YoY
• DXC/HP revenue grew 5.6% QoQ and 37.9% YoY on a reported basis; On constant currency basis, growth was 6.4% QoQ and 28.3% YoY
• New deal wins of USD 122 million in Direct International business; of which 81% are in New-Gen Services
• Deal wins in the Direct International business stands at (YTD) USD 484 million as compared to USD 435 million in YTD FY18, higher by 11% YoY
• Net Profit grew 2.6% QoQ and 29.3% YoY to INR 2,780 million
• EPS grew 2.8% QoQ and 29.4% YoY to INR 14.4
• Completed buy-back of 7.3 million shares with a total outlay of INR 9,937 million
• Completed acquisition of Stelligent Systems LLC. which specializes in DevOps automation in AWS

“Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution roadmap across the portfolio, especially in New Gen Services. We continue to stay focused on execution of our deal pipeline and supporting the growth momentum,” said Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis.