Conference Call with MphasiS Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company MphasiS announced Q3FY24 results: Gross Revenue grew 1.6% QoQ and declined 5.2% YoY in Q3FY24 on reported basis and grew 1.0% QoQ and declined 6.8% YoY in Constant Currency Direct revenue grew 2.0% QoQ and declined 3.3% YoY on reported basis and grew 1.3% QoQ and declined 5.0% YoY in Constant Currency New TCV wins USD 241 million in Q3FY24 in Direct; of which 85% in new-gen services. FYTD TCV wins of USD 1,203 million, grew 20% YoY Net profit margin at 11.2% at Rs 3,736 million in Q3FY24 Reported EPS at Rs 19.8. “We are witnessing signs of stability, despite seasonal softness in Q3FY24. While we are still in the midst of macro headwinds, clients are also accelerating towards newer sources of value such as AI to stay ahead. Building on our track record of strong pipeline to total contract value (TCV) conversion, we continue to focus on converting TCV to revenue,” said Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis. Result PDF