Conference Call with MphasiS Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Mphasis announced Q4FY23 & FY23 results: Q4FY23: Gross Revenue declined 4.1% QoQ and grew 4.5% YoY on reported basis to Rs 33,893 million in Q4FY23 and declined 4.5% QoQ and 3.1% YoY in Constant Currency Direct revenue declined 3.1% QoQ and grew 6.1% YoY on a reported basis to Rs 32,055 million in Q4FY23 and declined 3.4% QoQ and 1.8% YoY in Constant Currency New TCV wins of USD 309 million in Q4FY23 in Direct; of which 85% in new-gen services Net profit declined 1.7% QoQ and grew 3.4% YoY to Rs 4,053 million in Q4FY23 EPS declined 1.8% QoQ and grew 3.0% YoY to Rs 21.5 in Q4FY23 FY23: FY23 revenue grew 16.7% YoY on a reported basis and 9.7% in Constant Currency to Rs 138.4 billion Direct revenue grew 19.3% YoY on a reported basis and 12.0% in Constant Currency to Rs 129.9 billion New TCV wins USD 1.3 billion in FY23 in Direct Net profit grew 14.5% to Rs 16,379 million in FY23 EPS grew 14.0% to Rs 87.1 in FY23 Mphasis Board of Directors recommended a dividend of Rs 50 per share for FY23, subject to shareholder approval “The macro-economic environment remains uncertain while we continue to look for aligning with our client’s current priorities. Strategic technology spends may have slowed down, however, hasn’t been paused. Enterprises continue to invest in Cloud, Digital Transformation, and consolidation priorities. Institutionalizing cost transformation projects is enabling them free up working capital. We see these as opportunities for proactive deal-making and gaining share of wallet, translating into a strong pipeline and continued deal conversion,” said Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis. Result PDF