Mphasis Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 19, 2023 at 12:07 pm EST
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Mphasis Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 35,062.13 million compared to INR 31,237.18 million a year ago. Revenue was INR 35,461.88 million compared to INR 31,543.65 million a year ago. Net income was INR 4,122.72 million compared to INR 3,576.79 million a year ago. Basic earnings per share from continuing operations was INR 21.9 compared to INR 19.09 a year ago. Diluted earnings per share from continuing operations was INR 21.78 compared to INR 18.85 a year ago.
For the nine months, sales was INR 104,372.75 million compared to INR 86,837.79 million a year ago. Revenue was INR 105,562.76 million compared to INR 88,050.76 million a year ago. Net income was INR 12,326.15 million compared to INR 10,388.22 million a year ago. Basic earnings per share from continuing operations was INR 65.53 compared to INR 55.48 a year ago. Diluted earnings per share from continuing operations was INR 65 compared to INR 54.95 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.