Mphasis Direct Revenue Grows 10.9% Y-O-Y in Q1 FY26

Mphasis Limited, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its financial results for the quarter ended 30th June 2025.

Quarterended30^thJune2025

• GrossRevenue grew0.4%QoQand9.2%YoYinQ1FY26on areportedbasisandgrew1.0%QoQand6.5%YoYin Constant Currency
• Directrevenuegrew1.1%QoQand10.9%YoYonreportedbasisandgrew1.6%QoQand8.1%YoYin ConstantCurrency
• NewTCVwinsUSD760millioninDirect,ofwhich82%innew-genservices
• Reportedoperatingmarginat15.3%
• Netprofitdeclined1.1%QoQandgrew9.2%YoYto₹4,417 million
• EPSdeclined1.2%QoQandgrew8.5%YoYto₹23.2.

“We were early adopters and implementers of AI based solutions for our clients, which has positioned us well to help with their AI journey, create efficiencies, cost-savings and minimize project risks, while at the same time, accelerating our business. This is reflected in our highest-ever quarterly TCVof USD 760 million, of which 68% is AI-led. Overall, it is agoodstarttothenewfinancialyear, thatsetsthe stagefortheyear ahead,”saidNitinRakesh, ChiefExecutive Officer and Managing Director, Mphasis.

Dealwins:

• AleadingAssetServicesfirmhaschosenMphasistotransformWealth&InvestmentManagementEngineering Platform support, leveraging AI to deliver Savings Led Transformation thesis
• A Large North American Life insurance company has chosen Mphasis as their sole provider to consolidate ADMS vendors to achieve alignment to a new Operating model, Managed outcome-based delivery, improved Performance andServiceQualityandpredictablecostwhiledrivingsignificantsavings.MphasiswillbedeployingitsNeoSuiteofAI platforms as a part of this transaction
• A large US FinancialServices company has chosenMphasis toenhance liquidity management throughintelligent forecasting, anomaly detection, and automated decision support. Mphasis’ services include integration, data migration,workflowcustomization,andAIsetuptoenablereal-timecashvisibilityandimprovedworkingcapital
• A large Financial Services company has chosen Mphasis to automate API discovery, optimize routing, and detect integrationissuesearly.TheAPIFactorysupportsstandardized,reusableAPIsthatacceleratepartneronboarding and enable real-time data exchange across the financial ecosystem.

AwardsandRecognitions:

• Mphasiswonthe2025CybersecurityExcellenceAwards byCybersecurityInsidersintheIdentityandAccess Management category
• MphasiswonInnovationoftheYear at2025FlexeraTechnologyIntelligenceAwardsforglobalsoftwaredeployment and compliance workflow automation.

AnalystPositioning:

• MphasismentionedinGartner'sMarketGuideforU.S.HealthcareProviderCredentialing
• MphasismentionedinGartner'sMarketGuideforQualityEngineeringServices
• MphasisfeaturedinForrester’sTheAITechnicalServicesLandscape,Q22025|Forrester
• Mphasisrecognizedas‘Leader’inEverestGroup’sGroupLifeInsuranceandBenefitsCoreTechnologyProducts PEAK Matrix®Assessment2025–NorthAmerica-EverestGroupResearchPortal
• Mphasisrecognizedas‘Leader’inEverestGroup’sBanking,FinancialServices,andInsurance(BFSI)ITServices SpecialistsPEAKMatrix®Assessment2025-EverestGroupResearchPortal
• Mphasisrecognizedas‘MajorContender'inEverestGroup’sIntelligentProcessAutomation(IPA)SolutionsPEAK Matrix®Assessment2025-EverestGroupResearchPortal
• Mphasisrecognizedas‘MajorContender'inEverestGroup’sTalentReadinessforNext-generationApplication Services PEAK Matrix® Assessment 2025 - Everest Group Research Portal
• Mphasisrecognizedas‘MajorContender'inEverestGroup’sMicrosoftModernWorkServicesPEAKMatrix® Assessment2025-EverestGroupResearchPortal
• MphasisintheHorizon1categoryinHFSHorizons:InsuranceServices,2025-HFSResearch.