Mphasis Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 06:49 am EST
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Mphasis Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 33,379.49 million compared to INR 35,062.13 million a year ago. Revenue was INR 33,921.88 million compared to INR 35,461.88 million a year ago. Net income was INR 3,736.01 million compared to INR 4,122.72 million a year ago. Basic earnings per share from continuing operations was INR 19.8 compared to INR 21.9 a year ago. Diluted earnings per share from continuing operations was INR 19.64 compared to INR 21.78 a year ago.
For the nine months, sales was INR 98,664.62 million compared to INR 104,372.75 million a year ago. Revenue was INR 100,200.85 million compared to INR 105,562.76 million a year ago. Net income was INR 11,616.02 million compared to INR 12,326.15 million a year ago. Basic earnings per share from continuing operations was INR 61.6 compared to INR 65.53 a year ago. Diluted earnings per share from continuing operations was INR 61.16 compared to INR 65 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.