Conference Call with MphasiS Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Mphasis announced Q1FY25 results: Gross Revenue grew 0.2% QoQ and 4.6% YoY in Q1FY25 on reported basis and declined 0.1% QoQ and grew 3.1% YoY in Constant Currency Direct revenue grew 0.6% QoQ and 5.6% YoY on reported basis and grew 0.3% QoQ and 4.1% YoY in Constant Currency New TCV wins of USD 319 million in Q1FY25 in Direct; of which 84% in new-gen services Net profit grew 2.9% QoQ and 2.1% YoY to Rs 4,045 million in Q1FY25 EPS grew 2.8% QoQ and 1.8% YoY to Rs 21.4 in Q1FY25. Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis, said: “As AI-enabled platforms are adopted at scale and infused across all deal archetypes and solutions; we continue to witness a strong growth momentum in Artificial Intelligence (AI) powered deals by leveraging our ‘Savings led TransformationTM’ theme. We are seeing a steady improvement in client demand, and with the strength of our deal pipeline, we remain cautiously optimistic that this trend will continue to improve in our core markets” Result PDF