Mphasis Q1 net grows 38% to Rs 2.58 bn, gross revenue at Rs 18.21 bn

The net profit of Mphasis rose 8.7 per cent on the sequential term

Driven by good growth in key verticals such as banking and capital markets as well as IT, communication and entertainment, information technology services provider Mphasis posted on Tuesday in-line numbers with 38 per cent rise in its net profit at Rs 2.58 billion in the first quarter ended June. The net profit rose 8.7 per cent on the sequential term.

During the April-June quarter, gross revenue of the Blackstone-backed company grew 22.5 per cent to Rs 18.21 billion on year-on-year basis, while on sequential basis it grew 7 per cent. In constant current term, growth in revenue was 16.2 per cent