Mphasis reported a sequential revenue growth of 0.8% to Rs 3,561.3 crore and a net profit of Rs 427.9 crore, up 1.1%, for the quarter ended December.
“We continue to stay focused on driving deal activity and closures, as we get on the other side of the macro cycle. AI is driving a fundamental shift that redefines and expands our addressable market. With the infusion of our NeoZeta and NeoCrux AI platforms, we are witnessing a considerable uptick in AI adoption, as evidenced in our deal wins and pipeline growth,” said Nitin Rakesh, chief executive officer and managing director of the company.
The company secured new total contract value (TCV) wins worth $351 million in its direct business during Q3FY25. Reported operating margin stood at 15.3%.
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Further, Mphasis achieved five large deal wins during the quarter.
One of the deal was from a leading technology major to drive digital experience innovations, architecture, and its technical roadmap. The engagement involves the integration of AI and Salesforce/Agentforce with the client’s existing systems.
Additionally, a large existing BFS (banking, financial services) client engaged Mphasis for application development and cloud transformation initiatives during the quarter.
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