Reported about 15 hours ago
Mphasis, an Indian IT services company, expects significant revenue growth driven by the banking sector, according to CEO Nitin Rakesh. With the company's revenue growing at more than double the industry's rate, Mphasis anticipates a shift in client investments towards structured tech spending, particularly in financial services utilizing AI to enhance efficiency. The firm reported $1.29 billion in new deals in the first half of the fiscal year, indicating a positive trend in the financial segment.
Source: YAHOO