The MphasiS Group’s consolidated revenue increased by 21.9% to Rs 1,191.6 crores for the quarter ended 31 January 2010 from Rs 977.7 crores for the corresponding quarter in the previous year. Operating profit during the quarter ended 31 January 2010 was Rs 267.8 crores, a growth of 27.2% as compared to operating profit of Rs 210.6 crores in the same period a year ago. Net profit grew by 27.7% from Rs 210.0 crores to Rs 268.3 crores. EPS increased to Rs 12.80 from Rs 10.05 over the same period last year, recording a growth of 27.3%.
Consolidated revenues for the quarter ended 31 January 2010 grew 5.2% compared to Rs 1,132.2 crores in the quarter ended 31 October 2009. Net profit increased to Rs 268.3 crores for the quarter ended 31 January 2010 as against Rs. 245.0 crores for the previous quarter, a growth of 9.5%.
“I am thrilled to see that we have crossed the US$250 million mark in the very first quarter of 2010. Our customer acquisition engine worked well. We continue to focus on operational excellence to deliver value to our customers.” said Ganesh Ayyar, CEO MphasiS.
During the quarter ended 31 January 2010, the Group added 19 new clients, across 6 verticals, 11 from the HP Channel. The clients include one of the largest home improvement specialty retailer and a major brokerage house.
This quarter the Group recorded a net headcount increase of 2,166 to take the total employee number to 35,690.
