Mphasis has issued a clarification regarding recent reports of Blackstone Group potentially reducing its stake in the company. The IT services firm has emphasized that it is not directly involved in any such transaction.

Key Points of Clarification

• Mphasis is not a party to the reported potential transaction involving Blackstone trimming its stake.
• Any such deal would involve the company's promoter, BCP Topco IX Pte. Ltd., which is part of the Blackstone Group.
• The company has reached out to its promoter to seek further information on the matter.

Regulatory Compliance

Mphasis has stated that there is currently no material event or information that requires disclosure under the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. However, the company has assured that it will make appropriate disclosures in compliance with applicable laws if and when required.

Market Impact

While the news of a potential stake sale by a major shareholder like Blackstone could influence market sentiment, Mphasis's clarification aims to provide transparency and maintain investor confidence. The company's proactive communication demonstrates its commitment to keeping shareholders informed about significant corporate developments.

About Mphasis

Mphasis is a leading IT services and solutions provider specializing in cloud and cognitive services. The company's clarification regarding the reported stake sale underscores its focus on maintaining clear communication channels with its investors and regulatory bodies.

Investors and market participants are advised to rely on official company statements and regulatory filings for accurate information regarding any potential changes in Mphasis's ownership structure.

Mphasis , a leading IT services and solutions provider, has reported its highest quarterly revenue to date, marking significant growth and strategic advancements in the artificial intelligence (AI) domain.

Record-Breaking Financial Performance

Mphasis delivered an impressive financial performance in Q2:

The company's direct business contributed significantly, accounting for 97.5% of overall revenue. Notably, the Banking and Financial Services (BFS) vertical demonstrated robust growth of 13.8% year-over-year, despite the ATM business ramp-down.

Strong Deal Momentum

Mphasis continues to show strong momentum in deal wins:

• Six large deals secured in Q2, including one exceeding $100.00 million from a new BFS client
• First half TCV wins of approximately $1.30 billion, surpassing full-year FY25 TCV wins
• Last 12 months TCV reaching over $2.00 billion

AI-Driven Growth and Innovation

The company is leveraging AI to drive growth and innovation:

• Launched MphasisNeoIP, an AI platform integrating multiple solutions for enterprise transformation
• Pipeline reached record levels, growing 97% year-over-year
• 69% of the pipeline is AI-led, indicating a strong focus on next-generation technologies

Future Outlook

Mphasis has set ambitious targets for the future:

• Expects growth to be greater than 2x industry growth
• Targeting EBIT margin in the 14.75% to 15.75% band

The company's strong performance, coupled with its focus on AI-driven solutions and robust deal pipeline, positions it well for continued growth in the competitive IT services landscape.