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Mphasis
SectorInformation Technology
Mphasis Limited is a global Information Technology solutions provider specializing in cloud and cognitive services. Founded in 1992 and headquartered in Bengaluru, India, the company offers application development and maintenance, infrastructure outsourcing, and business process outsourcing solutions to clients worldwide. Mphasis operates across various sectors including Banking and Financial Services, Logistics and Transportation, Technology Media and Telecom, Insurance, and others. The company uses a Front2Back transformation approach, leveraging cloud and cognitive technologies to deliver personalized digital experiences. Mphasis provides a range of services including application services, blockchain platform, business process services, cloud solutions, cybersecurity, digital transformation, enterprise automation, and infrastructure services. In 2016, Blackstone acquired a majority stake in Mphasis from Hewlett Packard Enterprise. The company has made several acquisitions to strengthen its capabilities, including Datalytyx and Blink UX.
In the news
Mphasis secures £35.4M deal extension with Social Security Scotland
Indian IT's AI Paradox: Why Slower Development Could Mean Faster Growth
Mphasis partners with TechnoPro Holdings for AI solutions in Japan
MphasiS shares fall 2.01% to ₹2,459.60 amid strong financial growth
Top stocks to buy today: Mphasis, Supreme Industries recommended
AI Deflation Squeezes Indian IT Margins as Clients Demand Deep Discounts
MphasiS shares fall 2.09% to ₹2,491.70 amid strong financial growth
Mphasis Q1 results show 17.46% revenue growth, stock maintains expert recommendations
NIFTY IT Recovery: Mid-Cap Momentum vs Large-Cap Caution
Mphasis shares rise 3% after in-line Q1 results; ICICI Securities targets ₹2640
IT CEO pay exceeds ₹100 cr ceiling as stock awards trigger approval
IT stocks Persistent Systems, Mphasis surge on strong market rally
Indian IT Services in Q1 FY27: AI Shifts, Forex Gains, and the Mid-Cap Edge
ICICI Securities Sets Aditya Infotech Target at ₹3100
Motilal Oswal Sets Mphasis Target at ₹3100 Amid AI Transformation
Mphasis launches AI platform Tria with 1.5% revenue investment
Mphasis Launches AI Platform 'Tria' for Enterprise Transformation
Mphasis launches Tria AI platform, new product lines
Rupee at Record Lows: How IT Stocks Are Powering Nifty 50's Comeback
AI Disruption: Mid-Cap IT Firms Outpace Large-Cap Peers
The Quarter story
The two most recent quarterly results, compared side-by-side.
Mphasis delivers steady revenue growth and a stronger AI focus, but faces margin compression and slower cash generation.
Consolidated revenue grew from $437 Mn in Q1 FY26 to $471 Mn in Q1 FY27, showing steady top-line expansion.
Operating margin slipped from 15.3% in Q1 FY26 to 14.8% in Q1 FY27, indicating rising cost pressures.
Americas revenue rose from $365 Mn in Q1 FY26 to $402 Mn in Q1 FY27, driving overall company growth.
Net operating cash flow fell from $46 Mn in Q1 FY26 to $39 Mn in Q1 FY27, signaling tighter liquidity.
APPS revenue increased from $322 Mn in Q1 FY26 to $356 Mn in Q1 FY27, confirming consistent segment strength.
ITO revenue declined from $50 Mn in Q1 FY26 to $41 Mn in Q1 FY27, reflecting legacy service contraction.
AI-led pipeline share climbed from 68% in Q1 FY26 to 70% in Q1 FY27, reflecting a clear strategic focus.
Security pipeline mix dropped from 15% in Q1 FY26 to 3% in Q1 FY27, showing a major shift in project focus.
EPS rose from ₹23.2 in Q1 FY26 to ₹25.6 in Q1 FY27, keeping earnings resilient.
TCV wins fell from $760 Mn in Q1 FY26 to $461 Mn in Q1 FY27, pointing to a slower deal pipeline.
Company insights, generated from the most recent coverage.
Insurance vertical up 20% q-o-q is the engine behind Mphasis's 3.5% expected Q2 FY27 sequential growth — insurance remains its differentiated wedge against tier-1 generalists.
Mphasis positions 'Savings-Led Transformation' as passing client savings through scope and outcomes rather than rate cuts, explicitly refusing to sacrifice deal profitability to win on price.
Mphasis booked $528Mn TCV for a second straight quarter, taking H1 FY26 wins to about $1.3Bn — already above its entire FY25 TCV, so deal momentum is compounding rather than lapping.