Mphasis Limited announced its financial results for the second quarter ended 30th September 2015. It is an HP company which has witnessed slow growth in past few quarters.
Results Highlights
Strong revenue growth in Direct International at 7.9% QoQ
Robust deal wins in Direct International business with $ 90 million TCV
Operating margin increased by 120 bps to 13.9%
Net profit grew 18.2% sequentially to `185 crores. Net margin improved 140 bps to 11.9%.
“We are delivering to our plans of growing Direct International business faster than the market. These results reflect excellent overall performance” said Ganesh Ayyar, Chief Executive Officer, Mphasis.
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