AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Mphasis today declared its financial results for the first quarter ended 30th September 2014.
Business Update *
- Direct organic business revenues in mature markets recorded a sequential growth of 2.5% in Q2 FY15 or 1.3% net of rupee depreciation
- New deal wins of US$ 65 million TCV in Q2 FY15; Deal wins of US$ 110 M TCV in H1 FY15, provides good revenue visibility going forward
- Direct business stood at 64% of consolidated net revenues in Q2 FY15.
Financial Update *
- Consolidated net revenues declined 1.7% QoQ or 2.5% net of rupee appreciation
- Direct channel revenue declined by 2.1% QoQ or 3.3% net of rupee depreciation, impacted by slowdown in the US mortgage industry and one-time revenue reversals in India Government business
- Operating margins stood at 13% impacted by certain one-time revenue reversals and sales expenditure;
- DSO improved by 2 days to 72 days at the end of Q2 FY15 with net operating cash generation of Rs 1,947 million during the quarter.
"We continue to see good traction in our Direct organic business. Our focus on GRC, Digital and AMS is paying off" said Ganesh Ayyar, Chief Executive Officer- Mphasis.
* The Company has changed its financial year from 31st October to 31st March, and in the absence of comparable proforma numbers for the corresponding quarter in the previous year, the financial results for the quarter ended 31st October 2013 have been provided for an indicative comparison.
About Mphasis:
Mphasis (an HP Company) enables chosen customers to meet the demands of an evolving market place. Mphasis fuels this by combining superior human capital with cutting edge solutions in hyper-specialized areas. Contact us on www.mphasis.com
For further information please contact
Deepa Nagraj
Mphasis
Phone: +91 080 4004 1016
Mobile: +91 98452 56283
Email : [email protected]
Sumana Bhat
Edelman India
Phone: +91 080 4061 9108
Mobile: +91 9902 980 980
Email : [email protected]
