IT
Mphasis Q2 net profit rises 10.8%, demand stable despite macro hurdles
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IT solutions provider Mphasis is seeing stable demand despite muted macroeconomic signals, as operational efficiency and cost savings remain at the centre of client priorities, said Nithin Rakesh, chief executive of the company, which reported its second quarter results late on Thursday.
“The macro environment has fairly remained the same… it hasn’t improved but it hasn’t deteriorated. But there are nuances… while there is an AI gold rush, most of the AI spend that clients are trying to make is really by freeing up something else,” Rakesh told ET…
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