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Classified in: Science and technology, Business
Subject: ERN

Mphasis Gross Revenue grew 11.6%* YoY in Q2 FY 2020


BENGALURU, India, Nov. 15, 2019 /PRNewswire/ -- Mphasis Limited (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its financial results for quarter ended 30th September 2019.

(PRNewsfoto/Mphasis)

Highlights of performance for the Quarter ended 30th September 2019

"There is accelerated demand for agility and nimbler solutions by our clients, to help reduce the technical debt that comes with legacy. We have seen this trend being amplified and combined with the need for customer centricity with end consumers expecting highly personalized products and services. This has been a very fertile ground for companies with the right solutions and propositions in the enterprise world," said Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis.

Other highlights for the quarter: 

Recognitions and Analyst Accolades:

* In Constant Currency terms

About Mphasis

Mphasis (BSE: 526299; NSE: MPHASIS) applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in the Mphasis' Front2Backtm Transformation approach. Front2Backtm uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2 TM=1) digital experience to clients and their end customers. Mphasis' Service Transformation approach helps 'shrink the core' through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis' core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients. Click here to know more.

Safe Harbor:
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, wage increases in India, our ability to attract and retain highly skilled professionals, our ability to manage our international operations, reduced demand for technology in our key focus areas, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies, and general economic conditions affecting our business and industry. We may, from time to time, make additional written and oral forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

SOURCE Mphasis


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