Reported about 10 hours ago
Indian software services company Mphasis reported a stronger-than-expected profit increase of nearly 15% in Q3, reaching 4.28 billion rupees, largely due to successful deals in its banking segment. While quarterly revenues rose by about 7% to 35.61 billion rupees, they fell short of analysts' forecasts. The company experienced significant growth in the banking and financial services sector, which constitutes nearly half of its revenue, as client spending began to recover.
Source: YAHOO