MphasiS consolidated results for the quarter ended 30 April 2009

Quarterly revenue crosses Rs. 1,000 crores. EPS moved further up from Rs. 10.05 to Rs. 10.74 Quarter-on-Quarter, Profits up 218.7% Year-on-Year.

Bangalore, 25 May 2009

The MphasiS Group announced consolidated revenues of Rs 1,048.5 crores in the current quarter ended 30 April 2009 as compared to Rs. 688.4 crores in the same quarter last year clocking an increase of 52.3%. During the same period net profit increased by 219.1% from Rs. 70.3 Crores to Rs. 224.5 Crores. Operating Profit during the quarter ended 30 April 2009 was Rs. 226.6 Crores a growth of 240.0% over the same quarter last year. EPS for the quarter was Rs. 10.74, an increase of 218.7% over the same period last year. Operating and net margins were 21.6% and 21.4% respectively.

Consolidated revenues for the quarter ended 30 April 2009 grew 7.2% compared to Rs 977.7 crores in the previous quarter. Net profit increased to Rs 224.5 crores for the quarter ended 30 April 2009 as against Rs 210.0 crores for the quarter ended 31 January 2009, a growth of 6.9%. EPS increased by 6.9% from Rs 10.05 last quarter.

For the half year ended 30 April 2009 the Group recorded revenues of Rs 2,026.1 crores, a growth of 55.1% over Rs 1,306.7 crores recorded in the same period last year. Net Profit for the half year ended 30 April 2009 grew 242.0% to Rs 434.5 crores as against Rs 127.1 crores during the first half of the previous fiscal.

“This has been a good quarter in a tough environment. Customer centricity and operational excellence has been our focus.” said Ganesh Ayyar, CEO MphasiS

During the quarter ended 30 April 2009, the group added 14 new clients including a large airline in USA, an established North American apparel retail chain and a global leader in communication systems.

The Group added headcount by 3,822 net, during the quarter. The Group headcount stood at 33,810 as at 30 April 2009. Cash and Bank balances including short term investments in Liquid Mutual Funds increased to Rs 355.5 crores as at 30 April 2009. Billing rates held steady during the quarter.

About MphasiS
MphasiS is a leading applications services, remote infrastructure services, BPO and KPO services provider. The company delivers real improvements in business performance for clients through a combination of technology know-how, domain and process expertise. With currently over 33,000 people on the roles, MphasiS services clients in financial services, healthcare, communications, transportation, consumer & retail industries and to governments around the world. To know more, please visit www.mphasis.com.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP (NYSE: HPQ) is available at http://www.hp.com.