Sixth largest IT services firm MphasiS revenues for the third quarter rose 9.6 percent q-o-q to Rs 1,540 crore.
Net Profit increased 9.1 percent to Rs 193 crore.
Share of Direct business grew from 54 percent to 59 percent further mitigating risk of client concentration
MphasiS, a HP group company, added 16 clients in the quarter with 10 in the direct channel.
Operating margins for the quarter expanded 110 bps to 15.8 percent, despite the impact of wage hikes that were administered during the quarter
“Our Direct business growth is a reflection of our strategy in action. Our investment in Data, Analytics and Mobility is experiencing growing demand,” said Ganesh Ayyar, CEO, MphasiS.
