Advertisment

Mphasis Net Profit Grows 25.3% YoY in FY 2017

Mphasis Limited has recently announced its financial results for the fourth quarter and financial year ended 31st March 2017.

author-image
DQC Bureau
Updated On
New Update
growth

Mphasis Limited has recently announced its financial results for the fourth quarter and financial year ended 31st March 2017.

Advertisment

Financial highlights

Year ended 31st March 2017

  • Robust new deal wins for FY 2017 with $365 million TCV in Direct International business of which 61% in new generation services; a 21% increase over FY 2016.
  • Direct Core revenues grew 10.4% YoY in FY 2017 net of rupee depreciation
  • Operating profits grew 14.3% YoY with 180 bps improvement in Operating Margins
  • Net profit grew 25.3% YoY
  • EPS grew 25.2% YoY in FY 2017
  • Board recommends a dividend of Rs.17 per share for the financial year ended 31st March 2017.
Advertisment

Quarter ended 31st March 2017

  • Direct Core revenues grew 1.2% QoQ net of rupee appreciation.
  • The operating margin improved 30 bps QoQ to 14.6% in Q4 FY17.

“We are witnessing good momentum in our sales pipeline and in next-generation services across direct core and DXC/HPE business. The Blackstone portfolio companies offer us additional tailwinds to accelerate growth and we are on our execution path. Our size is our advantage; it gives us agility as well as scale to deliver,” said Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis.

mphasis nitin-rakesh mphasis-net-profit
Advertisment