Mphasis  - Direct Business, Leading Indicators Strong; DXC Drags Revenue Growth In Q3: Dolat Capital 
A person uses a laptop computer in Illinois. (Photographer: Daniel Acker/Bloomberg)

Mphasis - Direct Business, Leading Indicators Strong; DXC Drags Revenue Growth In Q3: Dolat Capital 

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.

Dolat Capital Report

Mphasis Ltd. Q3 results were mixed with dollar revenue growth of 2.0% QoQ (our estimate 3.7%) due to 17.5% QoQ decline in DXC revenue (13% of revenue) while direct business continued to perform well with 5.6% QoQ growth.

Operating profit margin improved by 25 basis points to 16.4% (our estimate16.2%) led by offshore leverage (up 100 basis points QoQ).

The direct biz commentary and leading indicators remain strong as they plan to invest in direct channel to sustain growth, added net new total contract value of about $ 274 million (71% New-Gen Services) led by continued proactive deal wins; taking trailing twelve months TCV growth to 62% YoY at $ 1.06 billion.

Click on the attachment to read the full report:

Dolat Capital Mphasis Q3FY21 Result Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.