Mphasis Q2 net profit jumps 37% to Rs 271 cr; total income rises 19.5% to Rs 1962 cr


New Delhi: IT firm Mphasis on Friday reported 37 p.c soar in consolidated internet revenue at Rs 271 crore for the quarter ended on September 30, 2018, in comparison with the year-ago quarter.

Representational picture. Reuters.

The corporate had registered a internet revenue of Rs 197.6 crore within the year-ago interval, it mentioned in an announcement.

Complete earnings of Mphasis elevated by 19.5 p.c to Rs 1,962.Four crore through the reported quarter from Rs 1,642.2 crore within the corresponding quarter of 2017-18.

“We’re happy with the well being of our pipeline and continued robust execution throughout a number of sectors particularly in New Gen Providers,” Nitin Rakesh, the chief govt officer and govt director of Mphasis, mentioned in an announcement.

The corporate in September ended quarter gained contracts price Rs 1,485.96 crore, of which 77 p.c have been for brand new technology companies, in response to the assertion.

Shares of the corporate, nevertheless, have been buying and selling down by 4.27 p.c at Rs 1,075.15 on BSE whose benchmark index Sensex plunged 1.21 p.c.



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