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Mphasis - Direct Revenues Continue To Drive Overall Revenues: ICICI Direct

Mphasis - Direct Revenues Continue To Drive Overall Revenues: ICICI Direct

An employee works on a laptop. (Photographer: Anindito Mukherjee/Bloomberg)
An employee works on a laptop. (Photographer: Anindito Mukherjee/Bloomberg)

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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%).

Click on the attachment to read the full report:

ICICI Direct Mphasis Company Update.pdf

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