Tech
Mphasis Q1 profit up 8.4% on-year on strong BFSI, TMT show
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Blackstone-backed mid-sized IT firm Mphasis on Friday reported a first-quarter net profit of Rs 442 crore, up 8.4% from a year earlier by 1.1% lower sequentially.
Revenue for the quarter ended June 30 rose 9.2% YoY to Rs 3,732 crore, lifted by strong performance in its verticals serving the banking, financial services & insurance (BFSI) and technology, media & telecommunications sectors, despite a 50% fall in logistics & transportation business. On year, the revenue was almost flat.
Geographically, the growth was boosted by the Americas, which…
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