Mphasis - Continued Traction In Direct Channel To Aid Growth: Motilal Oswal
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Moitlal Oswal Report
We hosted an interaction with the management of Mphasis Ltd., for an update on the business and sectoral trends in the IT services space. Here are key insights from our discussion:
The company is seeing an increase in volumes as well as large deal sizes. The average size of large deals has risen to $80-85 million from ~$30 million.
Europe is likely to remain the key growth driver for the company in FY22. Increased efforts in Europe will help in de-risking the company from geocentric risks (80% of revenue from Americas).
Cost saving at clients is leading to increased spending in digital transformation, which is helping the overall deal pipeline.
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