Mphasis - Direct Revenues Continue To Drive Overall Revenues: ICICI Direct
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ICICI Direct Report
Mphasis Ltd. reported robust Q1 FY22 results.
The company has seen healthy deal wins in the quarter mainly led by large deal won in the UK ($250 million) for a period of 10 years.
Apart from healthy deal wins, Mphasis has witnessed an increase in deal in size of wins (almost trippled on a YoY basis) while the tenure has also increased.
We believe this bodes well for long term revenue growth.
The company is garnering higher deals by having a customer centric personalised approach, focus on digital technologies, acquiring large deals, client mining ($100 million and $50 million clients increased by two each) and proactive search of deals (~80%).
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