Mphasis has reported healthy growth in Direct international channel. Growth in this segment is expected to be healthy led by higher deal wins, higher focus on new gen technologies and focus on wining deals upstream. To this end, the company has won a TCV of US$189 million (up 8.6% QoQ) of which US$164 million (or 87%) is in new generation services, which is positive for long term revenue and margin perspective. Considering robust deal wins coupled with improvement in Blackstone portfolio companies (which now contribute 7% will be in double digit in coming years) we expect Direct...