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Mphasis eyes stellar Q4, but a spanner is in the works
Mint Hyderabad
|January 28, 2025
A snag Weakness and volatility in logistics & transport business has been a dampener for Mphasis.
Mphasis Ltd is brimming with confidence. The tier-two IT services firm is eyeing its best sequential growth in 12 quarters in January-March (Q4FY25). This optimism is driven by improved revenue conversion and robust deal wins, with the management expecting FY25 growth to surpass industry average.
In the December quarter (Q3), the total contract value of new deal wins surged to a six-quarter high of $351 million. It bagged five large deals in Q3, bringing the total large deal wins in 9MFY25 to 11. It also won a multi-year large deal of $100 million in January with a new banking and financial services (BFS) client--the deal will be executed over 2025.
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