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MphasiS announced Consolidated Results
By siliconindia
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Thursday, 25 August 2011, 17:40 IST
Bangalore: MphasiS, a leading IT Services Company, today announced its financial results for the third quarter ended 31 July 2011. Consolidated revenue for the quarter ended 31 July 2011 was Rs 1,294 crores ($ 290 million), an increase of 2.9 percent compared to Rs 1,257 crores ($ 282 million) in the previous quarter. In dollar terms also the increase in revenue was 2.9 percent. Operating and net margins for the quarter ended 31 July 2011 were 16.0 percent and 15.1 percent respectively. EPS for the quarter was Rs 9.28.
MphasiS consolidated revenues grew by 1.1percent to Rs 1,294 crores for the quarter ended 31 July 2011 from Rs 1,279 crores for the corresponding quarter in the previous year. In dollar terms revenues grew by 5.1percent from $ 276 million to $ 290 million. Operating profit was at Rs 208 crores ($ 47 million) compared to Rs 276 crores ($ 59 million) reported for the same period a year ago.
Cash and cash equivalents increased by Rs 165 crores during the quarter to reach Rs 2,029 crores ($ 459 million). 27 clients were added during the quarter with 18 of them being in the direct channel.
"Uncertainty in the external market requires a company that is adaptive. That is exactly what we did in 2009. MphasiS stayed close to customers with sustained focus on augmenting value. That will be our Mantra" said Ganesh Ayyar, Chief Executive Officer, MphasiS.