Mphasis Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 19, 2023 at 05:14 pm EDT
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Mphasis Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 32,765.02 million compared to INR 35,198.2 million a year ago. Revenue was INR 33,255.4 million compared to INR 35,632.31 million a year ago. Net income was INR 3,919.49 million compared to INR 4,184.64 million a year ago. Basic earnings per share from continuing operations was INR 20.79 compared to INR 22.25 a year ago. Diluted earnings per share from continuing operations was INR 20.62 compared to INR 22.1 a year ago.
For the six months, sales was INR 65,285.13 million compared to INR 69,310.62 million a year ago. Revenue was INR 66,278.97 million compared to INR 70,100.88 million a year ago. Net income was INR 7,880.01 million compared to INR 8,203.43 million a year ago. Basic earnings per share from continuing operations was INR 41.8 compared to INR 43.63 a year ago. Diluted earnings per share from continuing operations was INR 41.52 compared to INR 43.27 a year ago.
Mphasis Limited is an India-based company, which applies design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. The Company's segments include Banking and Financial Services, Logistics and Transportation, Technology Media and Telecom, Insurance, and Others. It uses its Front2Back transformation approach, which uses cloud and cognitive to provide personalized digital experiences to clients and their end customers. It provides a range of services, which includes application services, blockchain platform, business process services, cloud, cognitive, cyber security, digital, enterprise automation, infrastructure services, products engineering, XaaP (Everything as a Platform) services, and others. It serves various industries, which include banking-capital market, insurance, healthcare and life science, payments, hospitality, travel and transportation, energy and utilities, oil and gas and others.