Mphasis Ltd (MPHASIS)

Mphasis derives 81% of revenue from the Americas in Q1 - 16 May, 2024

During the March quarter, Mphasis generated 81% of its revenue from the Americas, with EMEA contributing around 11%, and the rest of the world accounting for 8%.

Mphasis Ltd Falls for Fifth Straight Session - 13 May, 2024

Mphasis Ltd has fallen 7.05% in the last month and is down 0.25% on the day, while Nifty IT index has eased around 4.43% in the last one month. The stock volume stood at 1.41 lakh shares today compared to the daily average of 4.98 lakh shares in the last one month.

Mphasis Announces Dividend Increase; ICICI Securities Issues Sell Call - 30 Apr, 2024

Mphasis Ltd announces an increased dividend payment and positive EPS growth forecast, but receives a sell call from ICICI Securities with a target price of Rs 1950.

ICICI Securities Recommends Selling Mphasis with a Target Price of Rs 1950 - 29 Apr, 2024

ICICI Securities has recommended selling Mphasis due to risks from its interest rate sensitive mortgage business and subpar margin guidance for FY25. The stock is valued at 18x FY26E EPS of INR 106, with a revised TP of INR 1,950.

Mphasis Q4 Results Show Increase in Revenue but Decrease in Profit - 28 Apr, 2024

Mphasis Ltd's Q4 results reveal a slight YoY increase in revenue but a decrease in profit. The company's EPS also decreased YoY. Additionally, Mphasis has seen negative returns over the past week and year-to-date.

Mphasis FY2024 Results Show Revenue in Line with Estimates - 27 Apr, 2024

Mphasis Ltd's full-year 2024 results show revenue of ₹135.0b, down 2.2% from the previous year, but in line with analyst estimates. Net income was ₹15.5b, down 5.1%. The profit margin remained at 12%, and earnings per share were also in line with expectations. Looking ahead, Mphasis forecasts a 9.6% p.a. growth rate for the next three years, outpacing the IT industry average.

Mixed Results for Mphasis Ltd with Highest Ever Dividend Payout - 26 Apr, 2024

Mphasis announced its highest ever dividend payout of Rs 55 per share alongside mixed Q4FY24 results. The company gave positive FY25 guidance despite weak new deal wins. Consolidated net sales were up 1.51% YoY in March 2024. Morgan Stanley has maintained an equal weight rating and given a target of Rs 2,600 apiece.

Mphasis Share Price Falls Despite Increase in Sales and Net Profit - 25 Apr, 2024

Despite reporting an increase in consolidated sales and net profit for the latest quarter, Mphasis Ltd's share price fell by 1.13%. The MACD also indicated a bearish trend.