Mphasis Limited , a leading IT solutions provider specializing in cloud and cognitive services, has announced robust financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company's performance demonstrates significant growth across key financial metrics, underlining its strong position in the AI-driven IT services market.

Financial Highlights

• Revenue Growth: Gross revenue increased by 5.3% quarter-over-quarter (QoQ) and 11.4% year-over-year (YoY), reaching ₹39,019.11 million.
• Profitability: Net profit rose to ₹4,690.74 million, marking a 6.2% QoQ and 10.8% YoY growth.
• Earnings Per Share (EPS): EPS grew by 10.2% YoY to ₹24.70.
• Operating Margin: The company maintained a stable operating margin at 15.3%.

Business Performance

• Direct Revenue: Grew by 5.5% QoQ and 13.4% YoY on a reported basis, and 2.2% QoQ and 7.9% YoY in constant currency.
• New Contract Wins: Secured new Total Contract Value (TCV) wins of USD 528 million in direct business, with 87% attributed to new-generation services.
• AI-Led Growth: The company's pipeline is heavily AI-focused, with 69% of the pipeline being AI-led.

Segment Performance

Strategic Developments

Mphasis has launched NeoIP™, a unified AI Platform with purpose-built agents, reinforcing its commitment to AI-driven growth initiatives. The company's focus on AI has resulted in significant pipeline growth and strong TCV wins.

Key Deal Wins

1. Selected by a major US-based airline for managed cloud and AI-driven application services.
2. Partnered with a Hi-Tech device manufacturer for AI-driven R&D Engineering Platform Support transformation.
3. Chosen by a leading US wireless telecommunications company for Salesforce development services.

Management Commentary

Nitin Rakesh, CEO and Managing Director of Mphasis, stated, "Our early, focused investments in AI have positioned Mphasis as a strategic partner for clients navigating their transformation journey. Another strong quarter of TCV wins of $528 million is a testimony to our AI first approach delivering business outcomes, across diverse industries."

Outlook

Mphasis aims to continue its focus on AI-led propositions and expand its NeoIP™ suite of agents. The company expects to grow at more than twice the industry rate, leveraging its strong H1 performance and steady conversion of TCV wins to revenue.

The company's strategic focus on AI, coupled with its strong financial performance, positions Mphasis well for continued growth in the evolving IT services landscape.

Mphasis , a leading Information Technology (IT) solutions provider specializing in cloud and cognitive services, has achieved a significant milestone in its artificial intelligence (AI) journey. The company recently announced its certification for ISO/IEC 42001:2023, a testament to its commitment to responsible AI development and management.

Certification Details

Mphasis received the ISO/IEC 42001:2023 certification from TÜV SÜD South Asia Private Limited, accredited by the National Accreditation Board for Certification Bodies (NABCB). This certification relates to the company's Artificial Intelligence Management Systems (AIMS), ensuring that Mphasis adheres to global standards in AI development and implementation.

Significance of the Certification

The ISO/IEC 42001:2023 certification is a globally recognized framework that provides a structured approach for developing, deploying, and governing AI systems. For Mphasis, this certification signifies:

1. Responsible AI Innovation: It reinforces the company's commitment to ethical AI practices.
2. Client Assurance: Enterprise clients can be confident that Mphasis' AI solutions meet the highest global standards of integrity, reliability, and compliance.
3. Risk Mitigation: The certification addresses potential challenges in AI adoption, such as data opacity, bias, and ethical concerns.

Impact on Business

The certification comes at a time when Mphasis is seeing significant growth in AI-driven solutions:

This substantial increase reflects the growing customer demand for Mphasis' AI-driven solutions across its cloud and cognitive services portfolio.

Leadership Perspective

Nitin Rakesh, Chief Executive Officer and Managing Director of Mphasis, emphasized the importance of this achievement:

"The NABCB-accredited ISO/IEC 42001:2023 certification reinforces our commitment to responsible AI innovation, and we are pleased to have received it. This achievement assures our enterprise clients that every Mphasis AI solution is developed and governed to the highest global standards of integrity, reliability, and compliance."

Mphasis' AI Capabilities

Mphasis has been focusing on embedding AI and autonomy into every layer of enterprise technology and process stack. The company's key AI initiatives include:

• Mphasis.ai unit: Dedicated to AI-focused solutions
• NeoIP™: A breakthrough AI platform orchestrating various AI platforms and solutions
• Ontosphere: A dynamic knowledge base driving continuous innovation

Conclusion

The ISO/IEC 42001:2023 certification marks a significant step for Mphasis in its journey towards AI excellence. As the company continues to expand its AI-driven solutions, this certification will likely play a crucial role in building trust with clients and staying ahead in the competitive IT services landscape.

For enterprises looking to leverage AI in their digital transformation journey, Mphasis' recent certification serves as a strong indicator of its capability to deliver reliable, ethical, and cutting-edge AI solutions.