Mphasis Ltd Announces Audited Standalone and Consolidated Earnings Results for the Third Quarter Ended December 31, 2016
January 31, 2017 at 09:25 am
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Mphasis Ltd. announced audited standalone and consolidated earnings results for the third quarter ended December 31, 2016. For the quarter, the company has posted a net profit of INR 1,766.09 million as compared to INR 1,188.43 million for the quarter ended December 31, 2015. Total income has increased from INR 7,630.02 million for the quarter ended December 31, 2015 to INR 8,335.69 million for the quarter ended December 31, 2016.
For the quarter, the group has posted a net profit after tax of INR 2,043.54 million as compared to INR 1,687.78 million for the quarter ended December 31, 2015. Total income has increased from INR 15,519.27 million for the quarter ended December 31, 2015 to INR 15,977.88 million for the quarter ended December 31, 2016.
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.