MphasiS makes three-fold jump in profit

Most Commented

Unified Communication for your Biz

Improve your contact center performance. See how you can make a difference.

Watch Now

Reach the ICT Community

Engage and build your ICT audience with CIOL online advertising.

Know more

MphasiS makes three-fold jump in profit

Net profit for the quarter ended April 30, 2009 stood at Rs. 224.5

Thursday, May 21, 2009

Email This

Print This

Comments

RSS

BANGALORE, INDIA: The MphasiS Group, a provider IT services, announced its consolidated results for the fourth quarter that ended on April 2009.

The net profit was up by 219.1 per cent from Rs. 70.3 crore to Rs. 224.5 crore. Operating profit during the quarter ended 30 April 2009 was Rs. 226.6 crore, a growth of 240.0 per cent over the same quarter last year, said a press release.

The revenues stood up to Rs 1,048.5 crore in the reporting quarter, as compared to Rs. 688.4 crore in the same quarter last year clicking an increase of 52.3 per cent.

EPS for the quarter was Rs. 10.74, an increase of 218.7 per cent over the same period last year. Operating and net margins were 21.6 per cent and 21.4 per cent respectively, the release added.

For the half year ended April 30, 2009 the group recorded revenues of Rs 2,026.1 crore, a growth of 55.1per cent over Rs 1,306.7 crore recorded in the same period last year. Net Profit for the half year ended 30 April 2009 grew 242.0 per cent to Rs 434.5 crore as against Rs 127.1 crore during the first half of the previous fiscal, the release added.

"This has been a good quarter in a tough environment. Customer-centricity and operational excellence has been our focus," said Ganesh Ayyar, CEO MphasiS.

During the quarter ended 30 April 2009, the group added 14 new clients including a large airline in USA, an established North American apparel retail chain and a global leader in communication systems.

The group added headcount by 3,822 net, during the quarter. the group headcount stood at 33,810 as on April 30, 2009. Cash and bank balances including short-term investments in liquid mutual funds increased to Rs 355.5 crore as on April 30, 2009.

Would you like to on this article?

Be first to comment on this article

Name
Email
Your reply

Intuit Money Manager set to make India debut

Obama visit arouses mistrust among China netizens

I have never used Twitter: Obama

Satyam rejects Rs 1230-cr claims from 37 firms

Is China speaking English to beat Indian IT?

Symphony names new sales chief

Peter Gartenberg named COO of SAP India

Fly Mobile unveils touch-screen phone at Rs 5,300

LinkedIn names new country manager for India

Motorola to buy video company BitBand

	Stop squeezing the data. Use ILM!
	Carry your Dream, Convey your Value with ZTE
	A fault tolerant server to reduce your TCO

	A must attend event for IT Professionals
	How to make your enterprise productive
	Unified Communication can impact business. Know how

	Making Web3.0 a Reality!
	CIOL Enterprise Next :What's NEXT in IT? :
	Decrease Total System Costs With Cyclone IV FPGAs

	Reach your desired Target Audience and realize high ROI
	Effective ways of Customer Acquisition through Demand Generation
	Reach 2,500 potential Enterprise Customers!