MphasiS registers 42.5% growth in Q3

MphasiS registers 42.5% growth in Q3MphasiS Group, leading information technology firm, has clocked 42.5% decent growth with the consolidated revenues at Rs 1105 crores at the end of quarter concluded on July 31, 2009.

Company’s revenues for the similar quarter last fiscal stood at Rs 776 crores. 
 
The company, which is an arm of HP-owned EDS, has posted phenomenal growth of 128% in its net profit that stood at Rs 229 crore for current quarter against Rs 100 crore in the previous fiscal.
 
Operating profit of the company during the latest period has witnessed a jump of 132.8% at Rs 240.6 crore. Operating margin increased from 13.3% in last fiscal to 21.8% in the current fiscal. At the same time, earnings per share (EPS) were Rs 10.96 which marked growth of 126.9%.
 
During the latest three month period, MphasiS added 7 new clients across verticals, including a leader in consumer products, a healthcare services provider and a telecom services provider. The company employed 32,753 people as of July 31, 2009.