Mphasis - Decline In DXC Moderates Revenue Growth: ICICI Direct
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.
ICICI Direct Report
Mphasis Ltd.’s dollar revenues increased 2.0% QoQ in constant currency terms to $342.2 million, mainly led by 3.5% QoQ growth in direct revenues partially offset by 7.7% QoQ decline in DXC revenues.
Ebit margin declined 30 basis points QoQ to 16.1% due to higher selling expenses.
Profit after tax declined 2.6% QoQ to Rs 316.9 crore.
The company has declared a dividend of Rs 65 per share (which includes special dividend of Rs 27 per share).
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.