{"id":77098,"date":"2018-05-10T20:49:22","date_gmt":"2018-05-10T20:49:22","guid":{"rendered":"http:\/\/www.bnreport.com\/mphasis-reported-29-6-growth-in-net-profit-to-rs-250-8-crore-for-the-january-march-quarter-2\/"},"modified":"2018-05-10T20:49:22","modified_gmt":"2018-05-10T20:49:22","slug":"mphasis-reported-29-6-growth-in-net-profit-to-rs-250-8-crore-for-the-january-march-quarter-2","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/mphasis-reported-29-6-growth-in-net-profit-to-rs-250-8-crore-for-the-january-march-quarter-2\/","title":{"rendered":"Mphasis reported 29.6 % growth in net profit to Rs 250.8 crore for the January-March quarter"},"content":{"rendered":"<p><a href=\"https:\/\/economictimes.indiatimes.com\/topic\/IT-services\" rel=\"noreferrer\" target=\"_blank\">IT services<\/a> firm Mphasis reported 29.6 % growth in net profit to Rs 250.8 crore for the January-March quarter. The <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/blackstone-backed-firm\" rel=\"noreferrer\" target=\"_blank\">blackstone-backed firm<\/a> posed revenues of $1.15 billion for fiscal 2018.  <\/p>\n<p>The company revenue for the quarter grew 5 per cent to Rs 1744.5 crore including <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/one-time-revenue\" rel=\"noreferrer\" target=\"_blank\">one-time revenue<\/a> from India Government business of $119 million. During the year-ago period, Mphasis posted a net profit of Rs 193.4 crore on revenues of Rs 1505.9 crore.  <\/p>\n<p>\u201cIn FY19 we are going to expand our go-to-market efforts and increase our efforts on creating synergies across our multiple units within Direct International\u2026 We will continue to increase our sales investment and focus in Europe and expect this to be a key growth driver in FY19,\u201d said <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/Nitin-Rakesh\" rel=\"noreferrer\" target=\"_blank\">Nitin Rakesh<\/a>, CEO of Mphasis.  <\/p>\n<p>In Q4 FY18, revenue from DXC\/HP grew 9.2% sequentially and 28.1 percent YoY on a reported basis. \u201cLarger transformation deal with DXC\/HP which helped grow revenue,\u201d Rakesh said. \u201cIt is extremely important to sustain the win momentum and continue to do well in new areas since that is where the growth is.\u201d  <\/p>\n<p>The share of revenue for digital and NextGen in Direct core constituted 43 percent for the quarter ended March with a sequential growth of 8.3 percent. \u201cIn our Direct Core business, 83% of the deals is in our digital and NextGen services,\u201d Rakesh said.  <\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/earnings\/mphasis-reported-29-6-growth-in-net-profit-to-rs-250-8-crore-for-the-january-march-quarter\/articleshow\/64114283.cms\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/img.etimg.com\/photo\/60278104.cms\"\/><\/p>\n<h5><a href=\"https:\/\/economictimes.indiatimes.com\/\" rel=\"noreferrer\" target=\"_blank\">ET Markets<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT services firm Mphasis reported 29.6 % growth in net profi..<\/p>\n","protected":false},"author":1,"featured_media":77100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-77098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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