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Indian IT firm Mphasis reported a consolidated net profit of Rs. 271 crores, posting 37 per cent jump for the September-end quarter of the current fiscal. The company had earlier recorded a net profit of Rs. 197.6 crores in the corresponding quarter a year ago. Net profit grew by 4.9 per cent on a sequential basis as well.
The company said in a statement that the total income increased by 19.5 per cent to Rs. 1,962.4 crores during the quarter under review as against Rs. 1,642.2 crores in the corresponding quarter of 2017-18.
“We are pleased with the health of our pipeline and continued strong execution across multiple sectors especially in New Gen Services,” Nitin Rakesh, the chief executive officer and executive director of Mphasis, said in a statement.
according to the statement, the company’s new deal wins in the quarter stood at US$ 210 million, which came from direct international business. Of these, 77 per cent were in areas of new generation digital services.
Among key verticals, its banking and capital market vertical, which contributed 46 per cent to the gross revenue, registered a growth of 4.6 per cent sequentially. In the September-end quarter, the USA accounted for 80 per cent of its revenue, whereas EMEA (Europe, Middle East and Africa) contributed 11 per cent to the total revenue.
