Mphasis reported co wide revenues of Rs 12.2 bn (+2.4% QoQ), marginally lower than Emkay est of Rs 12.35 bn (including hedging gains of Rs 338 mn V/s expectations of Rs 140 mn). Revenues in Applications business were up by ~3.8% sequentially to Rs 8.4 bn while IMS revenue growth reverted to double digit QoQ after 2 weak quarters.Revenues from the BPO business slipped by... To read full research report you can refer to:
