Mphasis - Direct Channel Drove Revenues In Q3: ICICI Direct
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ICICI Direct Report
Mphasis Ltd. reported a healthy set of Q3 FY21 numbers. Revenues in dollar terms increased 2% QoQ mainly led by 5.6% QoQ growth in direct channel partially offset by 17.5% QoQ decline in DXC channel.
The company’s Ebit margin increased by 30 basis points QoQ to 16.4%.
In addition, the company has guided at margins of 15.5-16.5% for FY21E.
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