Mphasis Net Profit Grows 25.3% YoY in FY 2017

Mphasis Limited has recently announced its financial results for the fourth quarter and financial year ended 31st March 2017.

Financial highlights

Year ended 31st March 2017

• Robust new deal wins for FY 2017 with $365 million TCV in Direct International business of which 61% in new generation services; a 21% increase over FY 2016.
• Direct Core revenues grew 10.4% YoY in FY 2017 net of rupee depreciation
• Operating profits grew 14.3% YoY with 180 bps improvement in Operating Margins
• Net profit grew 25.3% YoY
• EPS grew 25.2% YoY in FY 2017
• Board recommends a dividend of Rs.17 per share for the financial year ended 31st March 2017.

Quarter ended 31st March 2017

• Direct Core revenues grew 1.2% QoQ net of rupee appreciation.
• The operating margin improved 30 bps QoQ to 14.6% in Q4 FY17.

“We are witnessing good momentum in our sales pipeline and in next-generation services across direct core and DXC/HPE business. The Blackstone portfolio companies offer us additional tailwinds to accelerate growth and we are on our execution path. Our size is our advantage; it gives us agility as well as scale to deliver,” said Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis.