Mphasis eyes double-digit FY27 growth on strong deal pipeline, AI demand
Executive Brief • Key Highlights
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- ✓Mphasis expects low double-digit growth in FY27, backed by a strong deal pipeline and AI demand.
- ✓CEO Nitin Rakesh said, "The guidance is based more on what we are seeing in the business in accounts." The company reported 9.7 per cent growth for the second quarter ended September 30.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Mphasis expects low double-digit growth in FY27, supported by a strong deal pipeline and AI-led opportunities, even as macroeconomic uncertainty weighs on traditional IT spending
Mid-tier IT services company Mphasis expects to grow in low double digits this financial year, helped by a strong deal book, despite an uncertain macroeconomic environment and AI-driven deflationary pressure, which has squeezed traditional deal revenue and margins for most industry players.
For the second quarter ended September 30, Mphasis reported 9.7 per cent growth in constant currency, while in dollar terms, revenue was up 9.2 per cent. The numbers are among the highest in the sector and reflect how smaller companies have been able to grow faster than larger peers.
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