BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Mphasis Ltd.’s Q4 FY21 revenue growth was led by 3.5% constant currency QoQ growth in the direct business, while DXC vertical (12% of revenue, down 7.7% QoQ constant currency) remains a drag.
Ebit margin dip of 30 basis point QoQ was due to higher sales investments.
It won $245 million of new deals in Q4 FY21, and announced its largest ever single deal of $250 million (banking financial services and insurance, 10-year duration), which will count in Q1 FY22 total contract .
The company’s direct business continues to deliver standout growth (FY19-21 U.S. dollar compound annual growth rate of 19%) among stocks in our coverage universe.
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