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Mphasis Secures Record $760M in Quarterly Deals, Driven by AI-Led Solutions 1 day ago Yesterday

Mphasis reported its highest-ever quarterly Total Contract Value (TCV) wins of $760 million, with 68% of new contracts being AI-led. Revenue grew to $437 million, up 1.0% quarter-over-quarter and 6.5% year-over-year in constant currency. The company secured four large deals, including three worth over $100 million each. The Insurance vertical showed exceptional growth, increasing over 20% sequentially and 27.5% year-over-year. Mphasis' overall deal pipeline grew 16% quarter-over-quarter and 84% year-over-year, with significant increases in both BFS and non-BFS sectors. The company aims to achieve approximately 2x industry growth with target EBIT margins between 14.75% to 15.75%.

Mphasis Targets 14.75%-15.75% EBIT Margin in FY26, Driven by AI Solutions and Record Contract Wins 3 days ago

Mphasis Reports Strong Q1 FY26 Results with ₹3,137.68 Crore Revenue and ₹404.65 Crore PAT 3 days ago

Mphasis Reports Record $760 Million TCV Wins and 84% Pipeline Growth in Q1 6 days ago

Mphasis Subsidiary Invests $4 Million for 26% Stake in AI-Focused Aokah Inc. Jul 10, 2025

More news about Mphasis

10Jul 25

Mphasis Subsidiary Invests $4 Million for 26% Stake in AI-Focused Aokah Inc.

Mphasis Corporation, USA, a wholly-owned subsidiary of Mphasis Limited, has acquired a 26% preferred stock stake in Aokah Inc., a Delaware-based AI-focused company, for up to $4 million. Aokah Inc., incorporated on January 7, 2025, specializes in Business Intelligence Platforms and IT Services. This strategic investment aims to enhance Mphasis's AI capabilities, driving innovation and efficiency in its operations. The move aligns with Mphasis's goals of building high-performing Global Capability Centers and integrating AI-driven platforms.

09Jul 25

Mphasis' Tax Burden Eases: Income Tax Demand Slashed by Half

Mphasis, a prominent IT services company, has received a significant reduction in its income tax demand. The original tax liability of ₹1,164.77 crore has been revised downward to ₹582.70 crore, resulting in a 50% decrease. This reduction translates to a tax saving of approximately ₹582.07 crore for the company. The development could improve Mphasis' financial position, boost investor confidence, and allow management to focus more on core business operations and growth strategies.

16Jun 25

Mphasis Teams Up with Sixfold to Boost Insurance Underwriting Capabilities

Mphasis, an IT services provider, has formed a strategic collaboration with Sixfold to enhance its insurance underwriting capabilities. This partnership aims to strengthen Mphasis's position in the insurance sector and improve services for clients. The collaboration is expected to result in more sophisticated and efficient underwriting processes, potentially leading to improved risk assessment, streamlined operations, and better decision-making for insurance companies. This move reflects the growing importance of advanced technologies and partnerships in the insurance industry.

03Jun 25

Mphasis Clarifies FedEx Contract Status, Reaffirms Revenue Outlook

Mphasis has issued a clarification regarding its relationship with FedEx, confirming its continued role as a 'service provider' within the FedEx ecosystem. This statement addresses recent market speculation about a potential contract loss. The company has also reaffirmed its revenue outlook, suggesting confidence in its business trajectory and implying that the FedEx collaboration remains a significant contributor to its financial performance.

25Apr 25

Mphasis Reports Strong Q4 Growth, Sets 14.75-15.75% Target Operating Margin

Mphasis Limited announced robust financial results for Q4 and FY2025. Q4 gross revenue grew 8.9% YoY to ₹37,175.00 million, with net profit rising 13.6% to ₹4,465.00 million. FY2025 annual revenue reached ₹142,299.87 million, up 6.7% YoY. The company secured new TCV wins of $1.27 billion in Direct business. Mphasis set its target operating margin at 14.75% to 15.75%. The Board recommended a dividend of ₹57.00 per equity share for FY2025. The company reported significant deal wins across various sectors and received industry recognitions.

25Apr 25

Mphasis Q4 EBIT Slightly Below Estimates, Reports Strong FY2025 Results with Record Deal Wins

Mphasis Limited announced robust financial results for Q4 and FY2025. Q4 gross revenue grew 8.9% YoY to ₹37,100.41 million, with net profit rising 13.6% to ₹4,464.92 million. FY2025 revenue increased 6.7% to ₹142,299.87 million, while net profit surged 9.5% to ₹17,021.39 million. EPS reached an all-time high of ₹89.87 for the full year. The company secured $390 million in new TCV wins for Q4, with 59% being AI-led. Despite strong overall performance, Q4 EBIT at ₹5,670.00 million slightly missed estimates. The Board recommended a final dividend of ₹57.00 per equity share for FY2025.

09Apr 25

Mphasis Secures U.S. Patent for Innovative Quantum Prediction System

Mphasis has been granted a U.S. patent for its quantum prediction system, enhancing scalability and performance of quantum machine learning on near-term quantum computing systems. The patented technology features improved feature space transformation, optimal data representation, efficient convergence, and improved scalability. This advancement positions Mphasis at the forefront of quantum computing applications in the IT services sector, potentially revolutionizing data processing and analysis.

04Apr 25

Mphasis Faces ₹232.37 Crore Tax Demand, Plans to Challenge Order

Mphasis Limited has received a tax demand of ₹232.37 crore from the Income Tax Department for assessment years 2018-19 and 2019-20. The demand relates to TDS on overseas payments to foreign associated enterprises. Mphasis plans to challenge the order, citing strong merits and favorable industry precedents. The company's shares fell 5.90% following the announcement. Management believes there will be no material financial impact and is confident of a favorable outcome at the appellate stage.