Page 2 - Mphasis

Acquisition, portfolio expansion to aid revenue growth for Mphasis

Near-term returns may be muted given the sharp run in stock price

Mphasis acquires US-based Blink UX for $94 mn in an all cash deal

Founded in 2000, Blink has over two decades of expertise using its evidence-driven Design SM process to define digital user experience for clients

We are prioritising growth in direct business: Nitin Rakesh of Mphasis

In a Q&A, the executive director and CEO of the firm talks about growth drivers, demand scenario in direct business and supply side concerns

Mphasis surges 12%, hits new high on strong June quarter results

Mphasis won a total contract value (TCV) of $505 million in Direct business during the quarter, the highest ever in the history of the company

Mphasis' Q1 net profit grows 23% to Rs 340 crore; revenue rises 17%

In constant currency, growth was 16.3 per cent on y-o-y basis, and 5.9 per cent on q-o-q basis

Mphasis granted US patent for AI-driven app, infra management solution

The newly issued patent provides a solution for enterprises worldwide to optimise their technology investments through in-depth data analysis

Mphasis on alpha returns: Why Blackstone finds Indian IT so attractive

The expansion of its stake in the mid-size IT services company is part of a trend of PE players betting big on the Indian IT sector

Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

Mphasis consolidated net profit declines 10.2% to Rs 316.9 cr in Q4

IT firm Mphasis has reported a 10.2 per cent decline in its consolidated net profit to Rs 316.9 crore in the March 2021 quarter

Mphasis shares decline 2% on muted March quarter performance

Mphasis Q4 results: Net profit margins contracted from 15.06 per cent in the year ago period to 12.56 per cent in the quarter under study. The margin also declined 60 bps on sequential basis

Mphasis to set up nearshore centre near London, expects to invest GBP 25 mn

Bengaluru-headquartered IT solutions provider Mphasis said on Tuesday it is expanding its footprint in the UK with a special focus on digital transformation initiatives in banking & insurance, by establishing a nearshore centre, outside of London. Mphasis expects to create close to 1000 UK jobs to begin with; invest over GBP 25 million upfront towards establishing the centre, and provide upskill and training in both digital transformation as well as domain expertise in the UK banking & insurance segments. UK Prime Minister Boris Johnson was quoted as saying in a company statement: "Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. Im very pleased thatMphasishas decided to join the legions of Indian companies investing in the UK, boosting our tech sector, and driving economic growth." "I am excited to elevate our presence in the UK to support future growth, improve operating agility, flexibility

PE Player Blackstone bets big on Mphasis, to acquire additional 26% stake

Blackstone, Abu Dhabi Investment Authority, UC Investments and GIC to invest $2.8bn to acquire majority stake

Mphasis surges 6% as Blackstone to buy controlling stake in firm

Blackstone had bought around 61 per cent stake in Mphasis from Hewlett Packard Enterprise in 2016 in a deal worth up to $1.1 billion

Blackstone to buy controlling stake in Mphasis for up to $2.8 billion

Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion

Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100

The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close

Mphasis reports 10.8% rise in consolidated profit to Rs 325.5 cr in Dec qtr

The company's net profit stood at Rs 293.6 crore in the year-ago period, it said in a regulatory filing

Concerns may be overdone, downside limited for Mphasis stock

While there are worries over de-growing DXC business and buzz of Blackstone's exit, deal pipeline and growth in other verticals remain strong

Mphasis, R3 join hands to develop blockchain-based payments solution

Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, on Tuesday announced its partnership with R3, a leading global enterprise software firm.

Nifty view and stock calls by Anand Rathi: Buy Glenmark Pharma, MPhasis

Glenmark Pharma's stock is taking the support of a rising trend line

Nifty IT index hits record high; Infosys, TCS, HCL Tech gain over 2%

Thus far in the month of July, the Nifty IT index has outperformed the market by surging 19 per cent as against Nifty 50 index which was up 8.25 per cent during the same period