The MphasiS Group consolidated revenue was at 1,279 crores for the quarter ended 31 July 2010 as compared to 1,106 crores in the same quarter last year displaying growth of 15.7%. During the same period, net profit increased by 18.3% from 229 crores to 271 crores. Operating Profit during the quarter ended 31 July 2010 was 276 crores, a growth of 14.5% over the same quarter last year. Operating margins stood at 21.5% for the quarter. EPS for the quarter was 12.93, an increase of 18% over the same period last year.
For the nine months ended 31 July 2010, the Group recorded revenues of 3,691 crores, a growth of 17.9% compared to 3,132 crores in the corresponding period of last year. During the same period, net profits increased by 21.6% to 807 crores from 664 crores.
Consolidated revenues for the quarter ended 31 July 2010 grew by 4.8% to 1,279 crores compared to 1,221 crores in the previous quarter. The Operating Profits grew by 0.3% sequentially and operating margin stood at 21.5%. Net profit increased to 271 crores for the quarter ended 31 July 2010 as against 267 crores for the quarter ended 30 April 2010, registering a growth of 1.5%. EPS increased to 12.93.
“Now we have crossed over USD 250 million, quarterly revenue for three quarters in a row. As MphasiS, we are now transforming ourselves in preparation for the next lap of growth.” said Ganesh Ayyar, CEO MphasiS.
During the quarter ended 31 July 2010, the Group added 22 new clients, including 16 through HP channel. This includes a Bank, a large Health care provider and clients from the manufacturing vertical. This quarter, American Postal Workers Union (APWU) partnered with MphasiS to successfully implement JavelinaTM- MphasiS’ web based platform for the Healthcare segment. MphasiS has sold 4 JavelinaTM licenses so far.
The Group also added net headcount of 1,156 during the quarter making the headcount 38,275 as at 31 July 2010. Cash and Bank balances including short term investments in mutual funds stood at 1,487 crores as at 31 July 2010, showing an increase of 190 crores during the quarter.
