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Latest news about Mphasis

Mphasis Approves 5,000 Stock Options Grant Under ESOP 2016 5 hours ago Yesterday

Mphasis has approved the grant of 5,000 stock options to an identified employee under its ESOP 2016 plan. The options have an exercise price of ₹2,700 each, with a 5-year vesting period in equal proportions. The exercise period is within 60 months from respective vesting dates. The plan is administered through the Mphasis Employees Equity Reward Trust.

Mphasis Outperforms Industry with S&P Global ESG Score of 73 10 days ago

Kotak Mahindra Mutual Fund Boosts Stake in Mphasis to 9.28% Nov 20, 2025

Blackstone Entities Reduce Stake in Mphasis Through Off-Market Sale Nov 19, 2025

Mphasis Sees Large Block Trades Worth Rs. 332.19 Crores on NSE Nov 18, 2025

More news about Mphasis

18Nov 25

Mphasis Clarifies Non-Involvement in Reported Blackstone Stake Sale

Mphasis has issued a clarification regarding reports of Blackstone Group potentially reducing its stake. The company stated it is not directly involved in any such transaction. The potential deal would involve the company's promoter, BCP Topco IX Pte. Ltd., part of the Blackstone Group. Mphasis has reached out to its promoter for more information. The company affirmed there is currently no material event requiring disclosure under SEBI regulations, but will make appropriate disclosures if necessary.

06Nov 25

Mphasis Approves Employee Stock Benefits: 25,000 Options and 7,500 RSUs Granted

Mphasis Limited has approved employee stock benefits, granting 25,000 stock options under ESOP 2016 and 7,500 Restricted Stock Units (RSUs) under RSU Plan 2021. The stock options have an exercise price of ₹2,700 per option, while RSUs are priced at ₹10 per unit. Both have a 5-year vesting period with varying vesting ratios. The benefits will be administered through employee trusts and are subject to SEBI regulations.

05Nov 25

Mphasis Achieves Record Q2 Revenue, Launches AI Platform Amid Strong Deal Wins

Mphasis achieved its highest quarterly revenue of $445 million, up 2% QoQ and 6% YoY in constant currency. The company secured six large deals in Q2, including one over $100 million from a new BFS client. Total Contract Value (TCV) reached $528 million for the second consecutive quarter. Mphasis launched MphasisNeoIP, an AI platform for enterprise transformation, with 69% of its pipeline now AI-led. The company aims for growth exceeding 2x industry growth and targets an EBIT margin of 14.75% to 15.75%.

31Oct 25

Mphasis Anticipates Banking Sector Growth and Improved Logistics Margins

Mphasis reported strong Q2 results with 5.3% QoQ revenue growth and 6.2% QoQ net profit increase. The company secured $528 million in new TCV, with 87% in new-gen services. Mphasis is focusing on AI-driven initiatives, launching Mphasis NeoIP™ and forming strategic partnerships. The company anticipates growth in the banking sector and expects improved logistics margins. Mphasis aims to maintain its target operating margin range of 14.75% to 15.75% while pursuing growth above twice the industry average.

31Oct 25

Mphasis Reports Strong Q2 FY26 Results with 11.4% YoY Revenue Growth

Mphasis Limited announced robust Q2 FY2026 results, ending September 30, 2025. Gross revenue increased by 5.3% QoQ and 11.4% YoY to ₹39,019.11 million. Net profit rose to ₹4,690.74 million, up 6.2% QoQ and 10.8% YoY. EPS grew by 10.2% YoY to ₹24.70. The company secured new TCV wins of USD 528 million in direct business, with 87% attributed to new-generation services. Mphasis launched NeoIP™, a unified AI Platform, reinforcing its AI-driven growth initiatives. The company's pipeline is heavily AI-focused, with 69% being AI-led. Mphasis aims to grow at more than twice the industry rate, leveraging its strong H1 performance and steady conversion of TCV wins to revenue.

28Oct 25

Mphasis Secures ISO/IEC 42001:2023 Certification, Reinforcing AI Management Excellence

Mphasis, an IT solutions provider, has received ISO/IEC 42001:2023 certification for its Artificial Intelligence Management Systems from TÜV SÜD South Asia Private Limited. This certification validates Mphasis' commitment to responsible AI development and management. The company has seen a significant increase in AI-led deals, from 30% to 68% of total new contract wins. Mphasis' AI initiatives include the Mphasis.ai unit, NeoIP™ platform, and Ontosphere knowledge base.

27Oct 25

Mphasis Unveils NeolP™: A Game-Changing AI Platform for Enterprise Transformation

Mphasis introduces NeolP™, an AI platform integrating multiple Mphasis.ai solutions and Ontosphere for enterprise transformation. The platform offers solutions in Modernization, Application Development, ITOps, and BusinessOps. Early deployments show up to 60% gain in development efficiency, 50% reduction in incident resolution time, and 3-5 hours of predictive warning for major outages. NeolP™ connects with third-party AI agents and includes an AI-powered marketplace. Mphasis plans future developments under the Quantum initiative, leveraging quantum computing and AI.

22Sept 25

Mphasis Reassures Investors: New U.S. H-1B Visa Fee Won't Significantly Impact Operations

Mphasis, an IT services provider, has stated that the recent U.S. H-1B visa fee increase to $100,000 per petition will not significantly affect its financials or operations. The company cites low H-1B dependency, with only about 130 new filings and 78 approvals to date. Mphasis has been reducing visa reliance through increased local hiring in the U.S., strategic acquisitions, and partnerships. The company is fully staffed for existing client requirements and continues to focus on AI-led propositions. Senior VP Mayank Verma affirmed that Mphasis does not foresee any significant impact due to its low H-1B filing volume and the relatively small portion of U.S. employees on H-1B visas.

05Sept 25

Mphasis CEO Reports Billion-Dollar Deal Surge Amid Enterprise AI Adoption Acceleration

Mphasis CEO Nitin Rakesh reports nearly $1 billion in Total Contract Value deals over the past two quarters, driven by enterprise AI adoption. Clients are either scaling existing AI initiatives or building new capabilities. The company is benefiting from improving economic outlook and a shift in the IT industry paradigm, moving from a headcount-based growth model to technology-driven solutions. This trend positions Mphasis favorably for growth and innovation in the evolving IT services landscape.

01Aug 25

Mphasis Spearheads Flagstar Bank's Data Center Transformation in Strategic Partnership

Mphasis and Flagstar Bank have announced a partnership to modernize Flagstar's data center infrastructure. The collaboration aims to enhance customer-centric culture, support ongoing transformation, realize cost efficiencies, and strengthen risk management. The project involves building a secure, agile, and scalable technology infrastructure with a modular design, positioning Flagstar for a hybrid cloud future. Flagstar Bank, with $92.2 billion in total assets, operates approximately 360 locations across nine states.

29Jul 25

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

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%.

27Jul 25

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

Mphasis reported record-breaking Total Contract Value wins of $760 million in Q1FY26, with 68% being AI-driven. The company aims for a 14.75% to 15.75% EBIT margin in FY26, supported by increasing AI adoption. CEO Nitin Rakesh highlighted AI's role in achieving 20-25% efficiency gains for enterprises. CFO Aravind Viswanathan noted AI's dual role as a scaling opportunity and margin lever. The IT landscape is shifting towards program-specific approvals and tech solutions-based services. Mphasis has made strategic acquisitions to enhance cybersecurity and software testing capabilities.

26Jul 25

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

Mphasis Limited announced its Q1 FY2026 results, reporting revenue of ₹31,376.82 million and PAT of ₹4,046.55 million. The company made several strategic moves, including acquiring cybersecurity assets from EDZ Systems, obtaining control of SDS Inc.'s software testing business, investing in Aokia Inc., and entering an agreement to acquire AI and ML assets from Lucata Venture Inc. These initiatives aim to enhance Mphasis' capabilities in key technology areas and expand its market presence.

24Jul 25

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

Mphasis Limited achieved impressive Q1 financial results with revenue reaching $437.00 million, up 8.1% year-over-year in constant currency. The company secured record Total Contract Value (TCV) wins of $760.00 million, including four large deals. Deal pipeline grew 84% year-over-year, with 68% being AI-led. Operating margin remained stable at 15.3%, and earnings per share was INR 23.20. Banking & Financial Services, Insurance, and Technology, Media & Telecom segments showed significant growth. Mphasis expects to grow at approximately 2X the industry growth rate, targeting operating margins within 14.75%-15.75%.

10Jul 25

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

Mphasis Limited's subsidiary, Mphasis Corporation, USA, has acquired a 26% preferred stock stake in Aokah Inc., a Delaware-based AI and business intelligence company, for up to $4 million. The investment aims to enhance Mphasis's AI capabilities, develop high-performing Global Capability Centers, and create an AI-driven platform integrating automation and data-driven insights. Aokah Inc., incorporated in January 2023, specializes in Business Intelligence Platforms and IT services.

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.