Processing .....please wait.. 
The article has been forwarded.... 
News >> Enterprise >>
MphasiS' net profit up by 127.7 percent in Q3
By siliconindia
|
6 Comments
Bangalore: In the quarter ended July 31, 2009, the MphasiS Group's (MPHASIS.NS) net profit increased by 127.7 percent from 
100.7 crores to 229.2 crores. During the same period, company's consolidated revenue was at 1,105.6 crores as compared to 776 crores in the same quarter last year registering a growth of 42.5 percent.
For the nine months ended July 31, 2009, the company recorded revenues of 3,131.7 crores, a growth of 50.4 percent compared to the corresponding period of last year. During the same period, net profits increased by 436 crores or 191.4 percent from 227.7 crores to 663.7 crores.
Ganesh Ayyar, Chief Executive Officer, MphasiS said, "Through the quarter, we stayed on course, ensuring operational excellence and building capabilities in tune with customer requirements. Our recent agreement to acquire AIG Solution System Solutions (AIGSS), is in line with our decision to have greater depth and breadth in focused verticals such as insurance. We will continue our drive to add greater value to our customers by leveraging on all three lines of business; infrastructure, applications and BPO (Business Process Outsourcing)."
During the quarter, the group added seven clients across verticals including a leader in consumer products, a healthcare services provider and an established telecom provider.The company's headcount stood at 32,753 as at 31 July 2009. Cash and Bank balances including short term investments in liquid mutual funds increased to 649.9 crores.
100.7 crores to 229.2 crores. During the same period, company's consolidated revenue was at 1,105.6 crores as compared to 776 crores in the same quarter last year registering a growth of 42.5 percent.
For the nine months ended July 31, 2009, the company recorded revenues of 3,131.7 crores, a growth of 50.4 percent compared to the corresponding period of last year. During the same period, net profits increased by 436 crores or 191.4 percent from 227.7 crores to 663.7 crores.
Ganesh Ayyar, Chief Executive Officer, MphasiS said, "Through the quarter, we stayed on course, ensuring operational excellence and building capabilities in tune with customer requirements. Our recent agreement to acquire AIG Solution System Solutions (AIGSS), is in line with our decision to have greater depth and breadth in focused verticals such as insurance. We will continue our drive to add greater value to our customers by leveraging on all three lines of business; infrastructure, applications and BPO (Business Process Outsourcing)."
During the quarter, the group added seven clients across verticals including a leader in consumer products, a healthcare services provider and an established telecom provider.The company's headcount stood at 32,753 as at 31 July 2009. Cash and Bank balances including short term investments in liquid mutual funds increased to 649.9 crores.