Mphasis Q4 Review - Steady Quarter With Improving Deal Pipeline: Prabhudas Lilladher
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Mphasis Q4 Review - Steady Quarter With Improving Deal Pipeline: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Mphasis Ltd.'s revenues came at $342.2 million, up 2.5% QoQ U.S. dollar slightly above our estimate (our estimate: 2.3%) led by lower than anticipated decline in DXC, down 7.2% QoQ U.S. dollar (our estimate: down 10%) and sustained strong growth momentum in direct channel (up 3.1% QoQ U.S. dollar).

Growth in direct channel was led by ITCE (up 15.1% QoQ U.S. dollar) and Insurance (up 5.7% QoQ U.S. dollar).

Though banking, capital markets declined this quarter due to slowdown in ramp up of a large deal, management expects strong sequential growth in Q1 FY22E and growth trajectory to sustain in FY22E.

Near-to medium term outlook to top client also remains stable.

Click on the attachment to read the full report:

Prabhudas Lilladher Mphasis Q4FY21 Result Update.pdf

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