Mphasis Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 25, 2024 at 01:40 pm
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Mphasis Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 34,120.53 million compared to INR 33,612.22 million a year ago. Revenue was INR 34,762.34 million compared to INR 34,038.2 million a year ago. Net income was INR 3,932.18 million compared to INR 4,053.07 million a year ago. Basic earnings per share from continuing operations was INR 20.82 compared to INR 21.52 a year ago. Diluted earnings per share from continuing operations was INR 20.65 compared to INR 21.39 a year ago.
For the full year, sales was INR 132,785.15 million compared to INR 137,984.97 million a year ago. Revenue was INR 134,963.19 million compared to INR 139,600.96 million a year ago. Net income was INR 15,548.2 million compared to INR 16,379.22 million a year ago. Basic earnings per share from continuing operations was INR 82.42 compared to INR 87.05 a year ago. Diluted earnings per share from continuing operations was INR 81.83 compared to INR 86.37 a year ago.
Mphasis Limited is an India-based company, which applies design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. The Company's segments include Banking and Financial Services, Logistics and Transportation, Technology Media and Telecom, Insurance, and Others. It uses its Front2Back transformation approach, which uses cloud and cognitive to provide personalized digital experiences to clients and their end customers. It provides a range of services, which includes application services, blockchain platform, business process services, cloud, cognitive, cyber security, digital, enterprise automation, infrastructure services, products engineering, XaaP (Everything as a Platform) services, and others. It serves various industries, which include banking-capital market, insurance, healthcare and life science, payments, hospitality, travel and transportation, energy and utilities, oil and gas and others.