View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 23, 2010

MphasiS Q1 revenue up 21.9% to INR11.91bn

Application services segment revenue up 27% on year ago quarter

By CBR Staff Writer

MphasiS Group, an Indian-based IT company, has reported total revenue of INR11.96bn for the first quarter, an increase of 21.9% compared to INR9.78bn for the same period last year.

The company reported a gross profit INR3.7bn, compared to INR3.2bn of the same period a year ago. Operating profit rose by 27.2% to INR2.67 from INR2.1bn.

For the quarter ended 31 January 2010, the company posted a net profit INR2.68bn, an increase of 9.5% compared to INR2.1bn for the same period last year.

Revenue from application services segment increased 27% to INR8.09bn from INR6.36bn, while revenues from BPO services and ITO services rose by 5% and 19% to INR1.85bn and INR1.97bn, respectively.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

During the quarter, the group added 19 new clients, across 6 verticals, 11 being from HP Channel, including a home improvement specialty retailer and a major brokerage house.

Ganesh Ayyar, CEO of MphasiS, said: “I am thrilled to see that we have crossed $250m mark in the very first quarter of 2010. Our customer acquisition engine worked well. We continue to focus operational excellence delivering value to our customers.”

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU